$MKSI Ready to Blast Out of a Double Bottom?
Double bottoms have a nice success rate once they clear the top of the "W" high which in this case would either be $184.69 or the more proper buy point of $192.30. I like an early entry so I've set an alert just above Friday's high (3/19). If / when it alerts me I'll be looking for some volume and a good market before deciding to make the trade. All TBD. Ideas, not investing / trading advice.
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3/23 This may go on to form a Cup w/ Handle formation which can work better than the Double Bottom. All TBD. General idea still valid unless it continues to decline below the $160 area which would then negate the thesis.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.