MICC-Interesting play

[AnthonyHib]

Take a look at this chart it has a trading range of about $10 im looking at an entry around $67 and maybe get a 10 point pop..What do you guys think ?

[aojffxgn44]

It looks to me like support is around 67.75, a break of that support would be bearish and I'd have a price target of about 63. A bounce up off 67.75-68 support could be a decent long with a stop around 67.25 and a goal around 73.75, on volume move stops up and look for 77.

Right now it's turned bearish though and I wouldn't get long without seeing some volume come in on the buy side.

[AnthonySn]

The weekly chart reveals an entirely different story on the candlesticks. The candle pattern of the last two weeks is called a bearish engulfing. Which means that the open and close of the last week, overshadow the open and close of the previous week.

[aqiqieoirz]

This is a very bearish pattern especially when seen on a weekly chart. The RSI shows a divergence which is also bearish. IMO this stock will be taking a downward trend in the near future.