I have changed up how to best display projected movement. In the case of MHK, 4 of my algorithms signaled a BUY on March 24, 2021. Equities nearly always obey the signal and move up, but sometimes it may continue to move down first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a...
$MHK displayed a open drive pattern, gapping up from $159.71 to $168.04 during the second week of February trading week. The share price further soared to this week's high of $185.85, before tumbling to a low of $168.1 as Federal Reserve Chairman comments this morning reignite global stock jitters. At the current junction, $MHK remains supported by its 20DMA,...
nice little entry point at Mohawk Industries , could run to a new High from here
Mohawk Industries NYSE:MHK seems to be on the way to a long-term short target of $60, based on a 1:1 ratio projection from the $286.85 top in 2017.
Sometimes happens when the stocks don't follow the trendline, a free fall could be triggered pretty fast. However, it could be a very good opportunity to buy at that level. Stay tuned for it. Learn how to beat the market as Professional Trader with an ex-insider! Be part of an elite trading group. Last course of the year on November 2nd, 2018. Have a Nice...