zorro
Short

Macdonald Dettwiler set to fall

TSX:MDA   MACDONALD DETTWILER AND ASSOCIATES LTD
8 0 0
Macdonald Dettwiler hovers under the 91 key left-hand side level. The gauge reached this level, making a hysterical surge with a gap. The gauge failed to consolidate at this level after breaking through a bound of an unobvious diamond. This led to a classic hanging man pattern formation, while the trading volumes were quite considerable. In this case, a sharp drop inside the trend, toward the 86 mark with extremely high trading volumes. Stop-losses are above the left-hand shadow beyond the level, slightly above 92. The gauge may well move toward the lower bound of the diamond, toward 82.50.
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