anthonylarro

HAS Symmertrical Triangle

Short
anthonylarro Updated   
NASDAQ:HAS   Hasbro, Inc.

HAS hanging out around the bottom trendline struggling to breakdown, with the help of Toys r Us going bankrupt and bringing all of the toys industry down with it, we could see a move down out of the triangle finally. Made an attempt today, but was rejected and bought back up with 2x volume. The market rising to new ATH would certainly not help it, but if we start seeing some pullbacks it can help bring HAS down.
90 is definitely a strong support for it as it has had trouble getting under it for the past several months.
Comment:
Upset I did not notice it earlier but 88 is a huge support level. Would actually be very cautious about a fake breakdown.

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