We can short this stock for the following reasons.
Fib level confirm for wave 2 and we are currently in formation for wave 3 as that is on the 2.618 level
The daily chart also shows the formation of bearish divergence [*']The market for the last few days if also forming inside an upward channel so possibility of a breakout is low and may result in fake-out.
The latest candle has been unable to break able the 2.618 fib level
How to trade this trade setup There should be a breakdown and this would be the entry point.