Break a support level accompanied with bad news like this:
U.S. stocks plunged the most in 6 1/2 years, with the Dow-Jones-Industrial-Average sinking more than 1,100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold-rose on haven demand.
The key for short selling stocks
MDU formed nice momentum Long setup. It has strong upward momentum & moneyflow also crossed above Zero recently. We think it has good upside potential.
* Trade Criteria *
Date First Found- May 30, 2017
Pattern/Why- Upward momentum Long.
Entry Target Criteria- Break of $27.53
Exit Target Criteria- $31.47
Stop Loss Criteria- $26.87
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