Neckline is not broken and will serve as resistance until price is above it.
Patterns fail.
Negative volume is very high. And so is short interest at over 15%. The bands are contracting. High volume at head so perhaps a stop under there. Bearish RSI divergence which may have corrected by now.
Long entry can be very important and perhaps today is not the day as it gapped up. Earnings were today BMO and TREE got a pop. Gap up on red candle at this moment.
No recommendation.
Patterns fail.
Negative volume is very high. And so is short interest at over 15%. The bands are contracting. High volume at head so perhaps a stop under there. Bearish RSI divergence which may have corrected by now.
Long entry can be very important and perhaps today is not the day as it gapped up. Earnings were today BMO and TREE got a pop. Gap up on red candle at this moment.
No recommendation.
Comment:
Bumpy ride. Short interest at 15% and short ratio is 5.1. Negative volume remains very high.