MELCO CROWN (PHILS) RESORTS

After hitting 76.4% Fibonacci Retracement level last week of August, MCP is now knocking on the resistance level. Biggest chunk of the traded volume was seen at 9.59 Aside from CLSA who made a lot of crosses, its MACQUARIE that kept on buying.

Based on our chart, notice that this resistance line has been tried many times but bulls are unsuccessful. Is this rally be a different one? In case this will be broken, our next resistance will be at 12.50.

Caveat!

One Response to MELCO CROWN (PHILS) RESORTS

  1. […] be a different one? In case this will be broken, our next resistance will be at 12.50. Caveat! MELCO CROWN (PHILS) RESORTS Reply With […]

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