Full disclosure I am long this stock however I believe this is a head-and-shoulders top. That it will fail on a test higher of the 50d, break support and test the 200d where gap support lies. Another back-n-fill and ultimately it will fill that gap over the coming months. I myself will hedge my position via puts and then have a standing order to add to my long shares at low gap fill indicated by the lower dotted line.
|
Comments