GuyInHat

$ABC Descending Channel and Gartley

Long
NYSE:ABC   AmerisourceBergen Corporation
Building for a breakout of a descending channel , at the 200 MA, Hidden Bullish Divergence Daily MACD , and a Gartley Pattern reversing almost exactly at .786. Target is the same distance of X-A added to the entry of the .786.
Entry at Current Price: $97.76
Stop: $95.50 (below most recent low and 200MA)
End Price Target: $115.30
Comment: Hit first target. Basically at the second target of 111