POSITIVE DIVERGENCEYesterday closing price broke 37.7/38 resistance area that now become support, over a short term perspective, 41 resistance level could be next target for buying the break and confirming a positive divergence over RSI.
MMI trade ideas
MMI - Falling wedge breakout Long from $26.53 to $31.57MMI seems breaking out its falling wedge formation, that we been following from last week. In short term it also seems breaking out of a flag formation.
* Trade Criteria *
Date first found- June 12, 2017
Pattern/Why- Falling wedge breakout Long
Entry Target Criteria- Break of $26.53
Exit Target Criteria- $31.57
Stop Loss Criteria- $24.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MMI - Looking for a break of $26.53 , Target $31.37. Looking for a break of $26.53 ,
Target $31.37.
Stop criteria 24.93
