Long
Long Setup Taking Shape in $MYOK
This pattern has been a workhorse and has worked incredibly well in this environment. Look for a pullback to the lower region of the wedge, as price works its way toward the apex. These patterns most often act as continuations in the direction of the trend, especially when the gap up was on incredibly strong volume as we see below... It has respected the 38.2% retracement level thus far. Looking to get long soon.
Portfolio Manager, Chief Market Technician JSPMLLC.COM
Portfolio Manager, Chief Market Technician JSPMLLC.COM
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