MCS killed earning s a few days ago and this stock fits the reopening theme . Sales were up 332% and earnings beat by 102%. Chart is very interesting.
I tried $MCS back on June 25th and posted here (entry/exit arrows on chart). If failed and dropped over 35% (stops work, don't they?) It caught my attention tonight with this tight setup. That said, look left. Tons of supply overhead. It might still work. Its a recovery plan.
Many folks want to get back to the movies. $MCS putting in a cup with handle. Adding it to #TAPLOTWL Depends on how it closes today, it could be putting the bottom of that handle. I like it.
Marcus is looking like a good buy at its current price, but I would feel even more comfortable buying below $20.50. I see long term potential as the world tries to find a post pandemic normal. Keeping an eye on this one for sure. Only Time Will Tell.
Back to 19.15 in short order, possibly to 20.10 Daily support at 16.60 Bullish volume Breakout from previous leg of 6.75 rise Short term swing here
Look for this to trade sideways for a while. As the world starts to return to normal this can double again. Ill be adding below $10 and selling at $15+
Looks like we have a confirmed SHS on MCS, keep an eye on it. MCS might begin the reversal or might do a retest and then dropdown. The MACD indicator is negative and we have a downtrend on the RSI. Let me know what you think and remember this is not financial advice
RSI is just above the 50.14.90 is the resistance to get over.
From a technical standpoint, Here are the positives for-MCS: 1. Currently multiple buy Fractals (highlighted in green box). 2. The top upper indicator is a 34 day moving average, and this is positive. Very strong. 3. The alligator is feeding in the uptrend. 4. Prices are trading above the Ichimoku Cloud. 5. The Forward Momentum indicator (lower top) is...