demyanchuk
Long

MORN: next confirmation of rising market

NASDAQ:MORN   MORNINGSTAR INC
Price moves mostly in the rising channel . After the breakout of local inclined resistance there are confirmed:
1. double bottom (with retest of it's neck by the second signal)
2. flag (with breakout of the top line)

The recommendation is to buy:

Entry point 85.00
Stop-loss 82.43 (-1 tic of flag's low price)
Target 91.00 (according to target-sizing approach)
Risk/return ratio 1: 2.33

Our assumption is that price will continue to grow further.
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