The_Patterns_Guy
Short

#MIK #stock #short

NASDAQ:MIK   MICHAELS CO INC
MIK is in a downtrend, possibly a downtrend that may end at $0. All indicators are pointing down. There is a small possibility to profit in the short term before a possible bounce.

Monthly
formed a H&S . MACD crossing down. OBV inconclusive. Stoch RSI crossing down.

Weekly
formed a series of lower highs. All indicators are pointing down.

Daily
formed a roof. There is a resistance line around $19. All indicators are looking down.
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