Studio City International had a rough day and is now down -9.52%. Investors weren't too impressed with the future outlook for the asset which caused some selling on weak demand. It looks like MSC may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. It's definitely important to take into account the directional momentum, so let's be honest Studio City International has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of
better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it.
If we get a reversal off of support and Studio City International starts moving up, it can probably get to $2.79 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
