MA trade ideas
MA Head and Shoulders/Bullish SharkMA and V have been in a monster uptrend since 2010. So shorting isn't exacting for the faint of heart. Especially after today when you see it get solid volume and close above the 10 EMA. But if risk is your thing then I would suggest this. We appear to be in a AB=CD pattern short term. Which if that plays out we will break the neckline on what appears to be a head and shoulders pattern. Intermediate term I see a bullish shark which would carry us lower to the levels projected. I will say that shorting this isn't for the faint of heart, because of the strong uptrend. But when you see strong uptrends break, they really break.
Shorting opportunity not far from hereBe patient and get your gun ready if price pushes towards 521 area for a possible 20 pnts gain downside. Let the trade come to you, and don't chase over extended price. If you decide to short right 521 area make your stop lose at 127% 535 area with target price $500. Join us www.woowtrading.net
