the stock has reached a zone we foresaw as one that will induce a sizable pullback. within this zone, a double top was confirmed after the price had a muted reaction to a great earnings report. a couple of bearish RSI divergences are the icing on the cake.
a close above the high of October 31 would invalidate this trade. in the interim, we foresee a 20% pullback before trend continuation.
a close above the high of October 31 would invalidate this trade. in the interim, we foresee a 20% pullback before trend continuation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.