MLCO Long, watch for move under $15
Hey there, learning more about Wyckoff and starting to understand the pattern. Putting this out there to remember and look at in a few months.
MLCO appears to be going through an accumulation and is dropping back down to the support zone slower and slower. This is followed by a pop down low before springing up, testing resistance a few times, and then waving up to the higher price point where COs can release shares back into the market. So, my theory is, if it pops under $15, buy and hold for a few months on the ride up.
If you've been studying Wyckoff for more than a week, please correct me
MLCO appears to be going through an accumulation and is dropping back down to the support zone slower and slower. This is followed by a pop down low before springing up, testing resistance a few times, and then waving up to the higher price point where COs can release shares back into the market. So, my theory is, if it pops under $15, buy and hold for a few months on the ride up.
If you've been studying Wyckoff for more than a week, please correct me