BEAR RALLY SET UP
I've had MKC on my watchlist for about a week now. ON January 18th, the 20 day crossed the 50 day and made a new swing low on January 20th. Since then, it had a small bear rally back to prior support resistance of 79.09ish which it hit on the 24th. On the 25th, it traded below the previous day's low, however I waited one more day because I...
$MKC has a very nice setup to go long here, one of the solid long term names to buy when they look ugly as per @timwest . I'm buying shares for my daughter here, looks like it's a solid setup overall.
Best of luck!
Cheers,
Ivan Labrie.
Confirmation if we break above $89, first target $92.87 not a big run, but God seems to be sending signs in the form of comedy to me lately.
March was all Penis Patterns (AKA Head and Shoulders).
April brings the Ovaries (AKA inverse H&S)
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
MKC
BUYZONE = 83 - 84.50
Cost Avg Down (CAD) = 76
1st Target = 90
2nd Target = 95
3rd Target = 100
HODL Target = ATH+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form...
$MKC are reporting earnings next week on Sep 29 Before Market Opens.
Historically, their Q4s were the strongest. However, this year, Q2 was almost as strong as the previous Q4s because of the lockdown.
I am bullish on MKC and expect Q3 2020 earnings to be very strong.
MKC breaking down from a long upward channel. It has strong twiggs money flow divergence and crossed down its MA 100 line. Overall looks good as short setup.
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MKC seems breaking down key support label. It has fair amount of insider selling, higher price to cashflow.
On the weekly chart moneyflow is diverging & toping at this moment. Overall it seems a very good momentum short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Breaking down momentum short; Potential double top
Entry Target...
