MPCC - MPC container ships - ready soon (?)

45
Another very interesting candidate especially giving the high dividend yield that the company pays to their share holders.

My analysis indicates a wave 2 of wave 3 (one degree higher up) will soon come to an end.
The price action doesn´t look like it is ready just yet though price is inside my designated target area where a turn could happen.

I would like to see a clearer divergence and the RSI to break out of the RSI range between 45-55 on the daily time frame. Also, the price didn´t bounce from the 50% fibo level but instead stopped in between 38-50% which indicates that more downside will come.

Stay patient and wait for a very good chance to buy the stock for cheaper prices.

Penafian

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