Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher.
* Excellent earnings
* Very strong up trend
* Very high 3-mont relative strength of 6.87 in the Financial sector
* Breaking out of a ~2 month base with higher than average volume
* We can see that it tried to break above earlier but came back down due to the market volatility
* It's also showing healthy signs for a continuation on the weekly chart
Trade Idea:
* If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level.
* Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
* Excellent earnings
* Very strong up trend
* Very high 3-mont relative strength of 6.87 in the Financial sector
* Breaking out of a ~2 month base with higher than average volume
* We can see that it tried to break above earlier but came back down due to the market volatility
* It's also showing healthy signs for a continuation on the weekly chart
Trade Idea:
* If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level.
* Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.