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jangseohee
Oct 6, 2014 4:37 AM

Downside Mirror projection Short

MSA Safety IncorporatedNYSE

Description

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
Comments
jangseohee
jangseohee
jangseohee
forest view
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