Xafada

Bearish Diamond Top

Short
BATS:MDC   None
0
The weekly chart formed what looks a bearish diamond top that we did not show on this daily chart, but in this daily chart, the price violated on strong volume the rising support trend and failed to take the previous pivot high. MACD also signals a bearish move next few weeks and the chance to see $30 and below is very good. If you are not in this trade, and planning to short it make your stop at previous swing high at $37.50 with target price $30 next few weeks. Join us www.woowtrading.net

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