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Trading_Padawan

Breaking of a 10 Year Trend

Short
MarketAxess Holdings, Inc. (NASDAQ:MKTX)  
Trading_Padawan  
NASDAQ:MKTX   MarketAxess Holdings, Inc.
Trend Lines Head and Shoulders
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trendline headandshoulders
MKTX broke its massive bull run trendline that started since 2009. A huge head and shoulders formation in the weekly chart (May 2020 - Sep 2021) was broken in September, signaling a reversal and weakness in the stock. MKTX now has a pullback to the neckline at $410, offering another opportunity to short with an attractive risk/reward.

Stop loss at neckline @ $430
Target @ ~$300
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