Will we see MCO reach $178 during the next bull run?
Obviously, this is pure conjecture and it need not be construed as investment advice.
MCO is forming a nice bottom in the demand zone. The bears have made a valiant effort to break the support at $3.91 but haven't been successful yet. If they succeed in breaking that support then get ready for capitulation. In that scenario, it is possible for the price to reach 63 cents.
That being said, the VISA cards are on the verge of shipping to residents of Singapore. This should happen very soon. This event could act as a catalyst for a major bull run.
Let's see how this idea plays out in the coming days.
Obviously, this is pure conjecture and it need not be construed as investment advice.
MCO is forming a nice bottom in the demand zone. The bears have made a valiant effort to break the support at $3.91 but haven't been successful yet. If they succeed in breaking that support then get ready for capitulation. In that scenario, it is possible for the price to reach 63 cents.
That being said, the VISA cards are on the verge of shipping to residents of Singapore. This should happen very soon. This event could act as a catalyst for a major bull run.
Let's see how this idea plays out in the coming days.