PaulYoung
Short

Mega Brands Inc. – Sell

TSX:MB   None
3 0 0
Mega Brands Inc. broke out of the head and shoulders pattern and started to slide downward along the Fibonacci fans. The downside target is considerably lower than the key 11.50 support level , which means it is better to limit yourself to this target. In addition, this target coincides with the target of the movement within a falling trend. The gauge is moving backward toward the 50% level of the fan it broke through earlier. Investors are advised to sell the stock with stop losses beyond this mark, with the target at 11.50.
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