Look our for earnings in the coming weeks... this baby it bound to pop on good news.
After the perfect cup and handle this baby looks like it will shout shoot up. I am looking to add to my prior position once I get confirmation from the trend lines.
It broke one of the major trend lines in the wrong direction. I attribute the down trend in the bath the S&P has been taking. If we have a up trend in the markets and/or some volume on this sucker it is in the perfect pullback entry zone. Core support of the cup is at 3.07 so she needs to break soon to stay long. Resistance is at 3.39 entry at positive...
Looks like it is going down from here... Stock, MCAD and stock all have downward trend into triangle from top...