1, MLCF is a good stock fundamentally and gives good moves.
2, MLCF formed a good ABCD pattern, it shows that its bouncing back from a previous resistance and bouncing back up from the Fib lvl as well.
3, CAUTIOUS ALERT :- the stock has been overbought and is signaling a potential bearish divergence although stocks dont react that violently on divergences and mostly retrace till fib lvl after divergence forms but that is no excuse to be cautious.
2, MLCF formed a good ABCD pattern, it shows that its bouncing back from a previous resistance and bouncing back up from the Fib lvl as well.
3, CAUTIOUS ALERT :- the stock has been overbought and is signaling a potential bearish divergence although stocks dont react that violently on divergences and mostly retrace till fib lvl after divergence forms but that is no excuse to be cautious.
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