A 4th upper move for Moncler

21 ก.ค. 2023

Upon conducting a comprehensive analysis of the 4-hour price actions of MONC, a prominent 61-61.70 EUR major demand zone becomes apparent. Notably, the price has encountered robust rejection three times at this level, enhancing the support's credibility and accuracy. To further strengthen our insights, we have incorporated momentum oscillators such as the MACD and RSI, which revealed hidden bullish divergence. This favorable indication allows us to anticipate a potential upward movement in MONC's price, with a target of up to 69 EUR. In my professional opinion, this level appears to be an opportune point to consider selling our units, as historical data indicates limited price advancements beyond this area.