Turn Back, Oh Manpower
Here’s an interesting one: Manpower (MAN) had a bullish breakout above the trendline I’ve drawn below. It painted out a trio of higher highs and higher lows, but over the past week – bam! – it gapped beneath the same trendline and, as God intended, the trendline changed role from one of support to one of resistance. Thus, I shorted it yesterday, and I’ve got a stop-loss price at 86.70, which is just above Friday’s high.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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