Monster head and shoulders on this stock + flagging short term
Actualizado
Very strong head and shoulders pattern on Michael's + we could see it tightening in a flag pattern just above the 21day moving average:
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.
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.
Comentarios
Really beautiful breakout here. Tightening up stops a bit here but expect MIK to continue its run:Comentarios
can take *some* profit here. getting extended with a wall at 14.80. Will likely need some consolidation before reaching 17.50:Comentarios
getting bulled up again:Comentarios
Above highs 17 on the way. Still long common stockComentarios
Approaching key target:Operación cerrada: objetivo alcanzado
closed all @ 17.74
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