AcornWealthCorp

MX - Breakdown short from $9.93 to $8.57

Short
NYSE:MX   Magnachip Semiconductor Corporation
MX seems breaking down from a pennant formation. It also seems breaking its long term uptrend. Now if it breaks down its moving averages around $9.93 label, it has good potential do go down further.

* Trade Criteria *
Date First Found- October 23, 2017
Pattern/Why- Pennant & long term Up trend breakdown
Entry Target Criteria- Break of $9.93
Exit Target Criteria- $8.57
Stop Loss Criteria- $10.73

Please check back for Trade updates. (Note: Trade update is little delayed here.)


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