A fall to $20.33 would give us a good reentry attempt. Since it has a fairly tight turn at the midpoint for now getting short at $20.80 might work. If it continues through the midpoint in the next day without giving us a chance at a reentry getting short isn't advised.
Recent quarterly earnings on the up tick.
On the last leg of the Cypher Pattern moving up.
Fib confirmed bottom at 72.8% (retrace) and 23.6% (extension)
Next leg confirmed at $16.35 (32.8% retrace and Gann Fan hit)
LT Target of approx $22
Enjoy every sandwich! EES ;)
Hey dewds,
Here is another chart if anyone is interested in trading this stock. I literally know nothing about the company because I am just charting it for a friend. If you zoom out to the monthly, it actually looks pretty impressive. It has been a steady climber through the years. Happy trading!
Please refer to chart for more details, earnings scheduled for 3/23/18. When PA breaks neckline of H&S pattern, in my opinion price will go down to $17.00 - $17.50 area (which is measurement of Bottom to Top of Head area on chart). Very good example of this chart pattern. The last three daily candlesticks have already shown a downward or bearish move from $20.50...
