MIC daily Jan 27th
The MIC (Macquarie Infrastructure LLC) Active Short Trade has been consolidating within this narrow triangle pattern for months following the breakdown & backtest of its primary uptrend line. In the last update, the previously suggested stop was listed a move above the May highs, which the stock has remained well below since. The suggested stop will now be lowered to a move 2% above the downtrend line & (upper-most TL on the triangle/wedge pattern). MIC will also offer an objective add-on or new short entry on a break below the white uptrend line. Price targets remain as previously posted with my current preferred swing target of 41.10 (T3, which is also the final target).