2waytrading

Bearish Diamond Top

Short
BATS:MDC   M.D.C. Holdings, Inc
127 views
0
The weekly chart formed what looks a bearish diamond top that we did not show on this daily chart , but in this daily chart , the price violated on strong volume the rising support trend and failed to take the previous pivot high. MACD also signals a bearish move next few weeks and the chance to see $30 and below is very good. If you are not in this trade, and planning to short it make your stop at previous swing high at $37.50 with target price $30 next few weeks. Join us http://www.woowtrading.net