MCK DAILY - Breakout on Earnings
Today a gap up on positive earnings and revenue, Today an ascending triple top breakout on the point & figure.
This is a health care stock (timely sector) with superb financials.
This is not financial advice, but if I were to load into this stock, I would:
a) look for a pullback to 381.43 (potential VPOC support) for potential entry
b) Look for a further pullback to 376.19 (Gap fill) for potential entry
c) In the event this is a runaway gap, I would look for a breakout above 401.78 (52 week high), where there should be free sailing ahead.
d) Point & figure target is currently 459 (long position only).
This is a health care stock (timely sector) with superb financials.
This is not financial advice, but if I were to load into this stock, I would:
a) look for a pullback to 381.43 (potential VPOC support) for potential entry
b) Look for a further pullback to 376.19 (Gap fill) for potential entry
c) In the event this is a runaway gap, I would look for a breakout above 401.78 (52 week high), where there should be free sailing ahead.
d) Point & figure target is currently 459 (long position only).
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