jangseohee
Short

Downside Mirror projection

NYSE:MSA   MSA SAFETY INC
18 3 0
From this chart of MSA, since 50.56 became 1st resistance in Feb 2013             , this particular level seems like a magnet that encouraged multiple tests.
It finally broke again convincingly in Feb 2014 but after forming a Head & Shoulder top, couldn't hold it anymore.
Retest of the Support turned Resistance will happen when trading starts on Monday.
A downside projection using 50.56 as a mirror means we could see 40.20 in time to come
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