MSCC – rounding over and breaking down on the daily chart.

MSCC – rounding over and breaking down on the daily chart after earnings were released last week.

I’ve also posted DAL – Delta Airlines. They are in different groups but their charts look so similar and are good examples of faulty bases and instances were holding through earnings would have been a poor trading decision. Holding though stocks like BABA and NFLX like we did recently is a whole different story and much better patterns. Not to mention that BABA and NFLX are game changing companies whereas MSCC and DAL are not doing anything particularly groundbreaking to lead their industry.

The first chart is MSCC and second is DAL.