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TradingNeophyte
About me I have always practiced fundamental investing where I chose value over momentum. Market volatility has forced me to pivot from "buy and hold" into swing trading. I am re-inventing myself as a trader.
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100 % stocks
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TER 50% | 1 MPC 50% | 1
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MPC: Potentially Fake Bearish Head & Shoulder Formation
MPC
, 1DLong
MPC: MPC: Potentially Fake Bearish Head & Shoulder Formation

MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern. Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.

Bearish TER Daily Bars
TER
, 1DShort
TER: Bearish TER Daily Bars

Yesterday and today's price action looks like a bearish engulfing pattern. I closed my position on NASDAQ:TER

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