Monster head and shoulders on this stock + flagging short term

29 thg 12, 2020

Very strong head and shoulders pattern on Michael's + we could see it tightening in a flag pattern just above the 21day moving average:

I went long today (combo of options and stock). Also take note of the relative strength today. A lot of stocks are taking a beating. MIK is not.

Stops are really simple on this one - below the flag's low / under the horizontal line representing the neck line of the H&S pattern.

5 thg 1, 2021

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Really beautiful breakout here. Tightening up stops a bit here but expect MIK to continue its run:

6 thg 1, 2021

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can take *some* profit here. getting extended with a wall at 14.80. Will likely need some consolidation before reaching 17.50:

11 thg 1, 2021

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getting bulled up again:

12 thg 1, 2021

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Above highs 17 on the way. Still long common stock

14 thg 1, 2021

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Approaching key target:

14 thg 1, 2021

Đóng lệnh: đạt mục tiêu

closed all @ 17.74