RectangleTargets for a break to the upside in green over the resistance line and targets for a break to the downside in orange below the bottom support line.
This pattern is neutral until a trendline is broken with a confirmed trend in that direction. There are patterns inside a rectangle that is large like this one that can be traded, but the rectangle is the primary pattern that I see.
This rectangle has been going on for quite a while. There are patterns inside the rectangle including a small Bullish Butterfly. MA was unable to complete an entire upswing so far after hitting the potential reversal zone of 1.272 which was close to the support line of the rectangle. A Bullish Butterfly has a 2nd leg that retraces to the .786/or close/of XA and a final leg that completes at, or close to the 1.272 of XA. MA did make it to the 2nd peak so far which would be target 1 for many who trade this pattern.
Short interest is low at 0.61%. Earnings are 4-28 BMO.
Negative volume remains high on MA.
No recommendation