MKC - Potential double top short from $99.93 to as low as $72.73

MKC seems breaking down key support label. It has fair amount of insider selling, higher price to cashflow.
On the weekly chart moneyflow is diverging & toping at this moment. Overall it seems a very good momentum short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Breaking down momentum short; Potential double top
Entry Target Criteria- Break of $99.93
Exit Target Criteria- 1st Target $97.33, 2nd Target $72.73
Stop Loss Criteria- $ 102.62
Please check back for Trade updates. (Note: Trade update is little delayed here.)
On the weekly chart moneyflow is diverging & toping at this moment. Overall it seems a very good momentum short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Breaking down momentum short; Potential double top
Entry Target Criteria- Break of $99.93
Exit Target Criteria- 1st Target $97.33, 2nd Target $72.73
Stop Loss Criteria- $ 102.62
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.