MKC - Potential double top short from $99.93 to as low as $72.73
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 Criteria- Break of $99.93
Exit Target Criteria- 1st Target $97.33, 2nd Target $72.73
Stop Loss Criteria- $ 102.62
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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 Criteria- Break of $99.93
Exit Target Criteria- 1st Target $97.33, 2nd Target $72.73
Stop Loss Criteria- $ 102.62
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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