MIDDLEBY $MIDDOn monthly; It is below 200SMA and struggling to back above it.
On daily; It is forming a cup and $41.73 is a critical support.
MIDD
Could the Middleby Corporation go lower following Double Top?Over the next weeks or months I predict the price of Middleby (MIDD) could drop lower, following the confirmation of a possible double top or triple top pattern.
Target: 96
Stop: 120
Like the idea if you agree and let me know what you think in the comments.
