Breaking of a 10 Year Trend

٢٠ ديسمبر ٢٠٢١

MKTX broke its massive bull run trendline that started since 2009. A huge head and shoulders formation in the weekly chart (May 2020 - Sep 2021) was broken in September, signaling a reversal and weakness in the stock. MKTX now has a pullback to the neckline at $410, offering another opportunity to short with an attractive risk/reward.

Stop loss at neckline @ $430
Target @ ~$300