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Online Travel Provider Builds High Tight Bullish Flag

by | Sep 11, 2024

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.

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