MX seems breaking down from a pennant formation. It also seems breaking its long term uptrend. Now if it breaks down its moving averages around $9.93 label, it has good potential do go down further.
* Trade Criteria *
Date First Found- October 23, 2017
Pattern/Why- Pennant & long term Up trend breakdown
Entry Target Criteria- Break of $9.93
Exit Target Criteria- $8.57
Stop Loss Criteria- $10.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)