Online Travel Provider Builds High Tight Bullish Flag
MakeMyTrip (MMYT) shares of the India online travel provider are continuing to show great strength as they start to emerge from a bullish flag just under the 100 level and a close above that would likely start the next leg up towards 110 with a first Fibonacci extension target at 105. MMYT has seen a strong trend persist most of the year and still has the 500 November $105 calls in open interest from buyers on 8/13 for $6.30.