Today was a perfect example of taking advantage of a counter trend rally as a perfect entry point for a trade with the trend

Yesterday, MON was up almost 9%, however, during the recent counter trend rally, all up days have been on much lower volume the down days. Yesterday’s rise left the downward trend line intact, signaling a great entry point if today’s trading was negative.

The technicals on the following chart are definitely pointing to lower prices for MON. Continue to follow this trade and use well placed trailing stops

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