3rd Head and Shoulders forming for MA and will surely come down hard to 180 target and might retest lows of 175s again. Credit section will fall this year and looking at financial banks to be caught on the slowdown since the economy will plateau and cause panic for financial markets. Next on my list is JPM and V stay tuned!
My quant model predicts
Profitability: it has a high probability(80%) to rebound at this level.
Worst Case: it could drop to $171.49
Money Management: Bet no more than 20% of capital
Suggested Strategy: long stock for 5 Days, wait and exit
Buy Limit 208.00
Stop Loss 198.00
Doji star with 2 gaps is formed at support line. It just reached 0.618 Fib retracement level.
Many NASDAQ stocks have similar formations, which means that the market is turning uptrend
S&P500, DJI and NASDAQ are at important support level.
RSI went down too quickly. It means an imminent up in price.
I will give a sell ...