Melco Resorts and Entertainment Ltd (MLCO)

[fxchat]

Money flow index showing positive divergence too. It is higher than before, while the stock price makes a new bottom at $4.00

This is a very significant reversal indicator which suggests that the Stock is being dumped at too cheap a price, while someone keep buying upwards. The money flow thus goes upwards.


I give a target of $5.50 next week, by DECEMBER I should see $6.5.

And by February, we might see a new high of $10 in the making.

This is especially true if MPEL earn EBITDA of $100mln for this coming earning quarter.

From the looks of it, it might actually happen!