MLCF - PSX

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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.

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