MTSI -Upward channel breakdown short from $59.13 to 50.2/ $34.33
MTSI formed a long upward channel in weekly frame. However, It seems getting toppy. So we think it has good downside potential. And if it can breakdown the upward channel it can go al. the way down to $34.33
* Trade Criteria *
Date First Found- July 18, 2017
Pattern/Why- Upward channel breakdown (weekly frame)
Entry Target Criteria- Break of $59.13
Exit Target Criteria- 1st Target $50.23, 2nd Target $34.33
Stop Loss Criteria- $62.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- July 18, 2017
Pattern/Why- Upward channel breakdown (weekly frame)
Entry Target Criteria- Break of $59.13
Exit Target Criteria- 1st Target $50.23, 2nd Target $34.33
Stop Loss Criteria- $62.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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