Panjang

Monster head and shoulders on this stock + flagging short term

Telah dikemas kini
Very strong head and shoulders pattern on Michael's + we could see it tightening in a flag pattern just above the 21day moving average:
syot kilat
I went long today (combo of options and stock). Also take note of the relative strength today. A lot of stocks are taking a beating. MIK is not.

Stops are really simple on this one - below the flag's low / under the horizontal line representing the neck line of the H&S pattern.
Komen
Really beautiful breakout here. Tightening up stops a bit here but expect MIK to continue its run:
syot kilat
Komen
can take *some* profit here. getting extended with a wall at 14.80. Will likely need some consolidation before reaching 17.50:
syot kilat
Komen
getting bulled up again:
syot kilat
Komen
Above highs 17 on the way. Still long common stock
syot kilat
Komen
Approaching key target:
syot kilat
Dagangan ditutup: sasaran tercapai
closed all @ 17.74
Chart PatternsMIK

Penafian