Nice move from Double bottom 46$.
above 63.05 could be a great player moving forward - GAP .
Trying to push resistance 62.70$ (+ MA100. D) .
support 61.21$ (MA200), & 58.50$
Ok this is a $$$ bill playing move right here potentially. If it breaks this 58 level it will move straight to the 100MA on the weekly chart. That's a $13 move!. If it bounces off the 58 level it should retest the 64ish level. Lets all pray for the break lower.
This is gapping down off a huge white candle trapping everybody!! If it gaps below my entry line I like this trader to the 200MA.. If it gets below that I have another exit which this based off the weekly chart.
Short from 103.5 but expect some further buying could see some profit taking by institutions over coming months.
- $1bn short interest
- 189.82 price to book ratio shows the inflated share price.
- 1.96 beta
- Considering its returned 549.33% in the past year and is already up 70.81% YTD and is 97.28% institutionally owned is of concern if earnings miss...
2 possible long entries here.
Hoping for bear raid to prove 50MA support. New money on volume spike and narrowing volatility tells me another beautiful green candle is around the corner.
if this can hold above the 23 level and hold on a breakout over the resistance then it could get a nice run because it would squeeze the shorts out and all of the momentum traders would come in, all predicated on if it can hold over the 23 level.
