If you remember a month or 2 back, this was shared as a short idea, and it’s really behaved nicely since. She struggles every time she pushes back up into the 20d and the 200d. I think now, if she breaks under 38.73, this could have quite a bit more downside.
This was the chart posted a long time ago that got our attention on this as a short candidate.
supply exists in the market still ..
caution should be exercised ,depending on where the price retraces back to
if the full upswing is retraced on this move, that would make it a potential upthrust
otherwise as of now, i note ease of upward thrust, a spring action off the lows preceding it and a lps formation which failed to retrace back to more than 50% of the...
