MA gapped down on earnings but soon retraced retraced 25% of the gap. It then formed a bear flag on a 5 min. chart. Shorted MA on the break of the flag. On it's descent, MA also formed bearish descending triangle. With the market being weak, I had a feeling that MA would try to touch the $240 mark which also coincided with the fib. extension. After hitting $240 mark, it formed bullish candles. Covered my entire position at $241.xx.
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