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jaxdog

$MKSI Ready to Blast Out of a Double Bottom?

Long
MKS Instruments, Inc. (NASDAQ:MKSI)  
jaxdog Updated   
NASDAQ:MKSI   MKS Instruments, Inc.
Chart Patterns Technical Indicators Beyond Technical Analysis
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chartpattern indicator beyondta
Double bottoms have a nice success rate once they clear the top of the "W" high which in this case would either be $184.69 or the more proper buy point of $192.30. I like an early entry so I've set an alert just above Friday's high (3/19). If / when it alerts me I'll be looking for some volume and a good market before deciding to make the trade. All TBD. Ideas, not investing / trading advice.
Comment:
3/23 This may go on to form a Cup w/ Handle formation which can work better than the Double Bottom. All TBD. General idea still valid unless it continues to decline below the $160 area which would then negate the thesis.
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