MPCC - MPC container ships - ready soon (?)
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.
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.