[MON] Long on a Text Book Pennant Setup on the Daily Chart
Updated
Taking Monsanto Long for a measured move of +3.74% (+44.00/SH) to $112.50. Stop is at $106.74 for a better than 2-to-1 R:R. Volume has been strong on green, weak on red as this formation sets up to break out.
This chart may also be completing a cup and handle on the daily, making the measured move closer to +$12, taking it to a potential price of 120/sh.
This chart may also be completing a cup and handle on the daily, making the measured move closer to +$12, taking it to a potential price of 120/sh.
Trade closed: target reached
Target reached via measured move from pennant breakout.
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