Great breakout for Monaco (MCO). Now sitting above the 200 EMA line (broke and closed above it on the daily time frame).
This looks good. Good potential for further gains.
There will be a huge retrace, YES, but still the resistance was broken, so it might continue to go up.
Note: This is not a trade.
This is no trading advice. Please trade at your own risk.
If you want to trade Monaco now, please wait for the retrace and a good entry point.
Think carefully before buying; capital management, diversify and only invest money that you can afford to lose.
Thanks a lot for reading.
Namaste.