This time the stock is so weak that its trading above 10 days Moving Average that is 115.
For Upside the first target will be 125.45, If it sustain on it then next investor target will be 140,
In case Downside continues then 105 would be an entry level. Exit at 115 .
Price formation suggests a short as recommended by Victor Sperandeo in his 2B Pattern. Price closed above the previous high yesterday with good volume but got rejected immediately and closed below to low of yesterday. One can short the stock with reasonable stop loss. Risking the small amount gives an opportunity for a decent Risk to Reward ratio trade. RSI...