MKC - Potential double top short from $99.93 to as low as $72.73
MKC seems breaking down key support label. It has fair amount of insider selling, higher price to cashflow.
On the weekly chart moneyflow is diverging & toping at this moment. Overall it seems a very good momentum short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Breaking down momentum short; Potential double top
Entry Target Criteria- Break of $99.93
Exit Target Criteria- 1st Target $97.33, 2nd Target $72.73
Stop Loss Criteria- $ 102.62
Please check back for Trade updates. (Note: Trade update is little delayed here.)
On the weekly chart moneyflow is diverging & toping at this moment. Overall it seems a very good momentum short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Breaking down momentum short; Potential double top
Entry Target Criteria- Break of $99.93
Exit Target Criteria- 1st Target $97.33, 2nd Target $72.73
Stop Loss Criteria- $ 102.62
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.