We're looking at two possible outcomes based on the flag pattern we've noticed in MLCF stock.
Firstly, if the stock price breaks out and closes above 38, it confirms the flag pattern. According to this pattern, the initial target could be around 43. If the pattern completes, the target could go up to around 50.
On the other hand, there's a chance the stock could drop. In this case, a support level is expected to be around 31-32. If it reaches this level, a rebound in price, known as a pullback, is anticipated.
Firstly, if the stock price breaks out and closes above 38, it confirms the flag pattern. According to this pattern, the initial target could be around 43. If the pattern completes, the target could go up to around 50.
On the other hand, there's a chance the stock could drop. In this case, a support level is expected to be around 31-32. If it reaches this level, a rebound in price, known as a pullback, is anticipated.
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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.