I'm in this for the long term, but I can't help but to think that the last analyst that liked the stock in late February caused a price pattern that looks nearly identical to this recent one. I traced the previous pattern and placed it below the current one, they look slightly related. In the absence of more news, I expect it to fall to the trend lend around 7~.22. However, any slightly relevant news or pullback/advance of SPY can greatly change this.
*Not financial advice, purely educational.
AC
*Not financial advice, purely educational.
AC
Comment:
If anyone has a contrarian idea please share. Constructive criticism encouraged.
Comment:
Nice rally but head and shoulders on the 5/15 min chart. Be careful folks.
Comment:
Also note we may be forming a head and shoulders with the late Feb and March 5 local highs.