MWW Monster Worldwide Weekly Chart Falling Wedge Oversold Positive Divergence

Keystone started into a long MWW trade yesterday, the latest knife-catch. Note the textbook falling wedge (a bullish pattern). The stochastics are oversold and the indicators are all positively diverged across the board. MWW is setting up on the launch pad (blue circle). The money flow has a bit of negativity which may provide a print in the blue circle. The light blue rectangles show strong buying interest hinting at accumulation perhaps by the big boys. Keystone's theory is that FB may want to buy MWW to get a quick leg-up on LKND. This would catapult FB against LKND in a heartbeat. A pairs trade can even be considered with long MWW short LKND.  However, this is all conjecture and you never trade based on takeovers. In addition, MWW is a knife-catch so the idea is to establish a beach head right now, and continue to add. Perhaps FB will announce some news in the future. In the mean time, the positive divergence should launch it anytime anyways. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.