FR0000121014 - Common Stock
Overall MC gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 829.4. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 810.25, a Stop Loss order could be placed below this zone.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @829.42. This is a Buy Stop order right above the resistance zone.||An exit @776.69. This is a Stop Loss order right below the 10 day low.||The worst case loss on the trade is limited to 52.73 points, which is 6.36%.||For a 1.00% total portfolio risk, you can invest 15.73% of your capital in this trade.|
EPA:MC (3/29/2023, 7:00:00 PM)+7.8 (+0.96%)
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