MA has been listed as both an active short trade as well as a short setup for a new entry. the active trade was entered at the top of this ascending channel and has already hit the first target which was the bottom of the channel. the setup for a new short entry or an add-on for anyone still short was a break below the ascending channel, which has recently triggered. MA is still offering an objective entry here with the appropriate stops in place. a relatively tight stop just above the 431 area (horizontal resistance) would offer a very attractive R/R of about 6:1.
