krishnan.karthik.98
Short

short mlm for a few days

NYSE:MLM   MARTIN MARIETTA MATERIALS INC
28 0 1
a huge selling is being expected for martin marietta materials( mlm             ) , according to hourly the macd has been showing a great bearish divergence, a strong reversal from 200 sma in hourly with already strong sell in the daily timeframe just below 50 sma which is at $165.76.
in the 30 min timeframe macd has already crossed below 0 and hoping around 50 sma which shows a huge upcoming smashing waves to downwards.
1st target- 158 ( at 100 period sma of daily timeframe )
2nd target- 145( around 200 sma of daily).
stop just above 165-166( above 50 sma of daily timeframe )
Comment: mlm has broken now 100 sma now next target price will be around $145.
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