It looks we are heading to $53.10 previous buying point, and could easily bounce from there or retest previous swing low or March low $49.55. Join us woowtrading.net
This pattern did not breakout yet, but rather failed but still valid. If price moves below 9-day moving average, it is a matter of time and it will hit $53.29 as downside target next two weeks. If you decide to short this stock, make your stop loss at recent swing high at $57 area. Join us where serious trader come and trade www.woowtrading.com
