Long
Michaels Rise in Revenue Leading Price Speculation
I meant to post this last night, but unfortunately, I forgot. Earning came out for Michaels and they were higher than expected, which is a catalyst for further price speculation. We see a clear inverted head & shoulders pattern on the chart that could lead to prices testing the $18 resistance.
Note
Looks like we're creating a new base before we potentially see another leg up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.