BRKS was in 3 Bearish rising wedges. It has fallen past support provided by previous gap up which will now be resistance
Rising wedges are long term patterns and a stock can travel in one for a long time without breaking the bottom trendline of the wedge.
Brks has broken the trendline of all 3 rising wedges but not sure this is the bottom
I do not own this but I would have a stop on this one for sure. It may turn back up..just never know!
I did not draw all 3 as there is a lot of overlap
Short interest is on the high side but NV is high as well so there is still interest in this stock
Not a recommendation, just an observation
The trend is your friend until it is not
Rising wedges are long term patterns and a stock can travel in one for a long time without breaking the bottom trendline of the wedge.
Brks has broken the trendline of all 3 rising wedges but not sure this is the bottom
I do not own this but I would have a stop on this one for sure. It may turn back up..just never know!
I did not draw all 3 as there is a lot of overlap
Short interest is on the high side but NV is high as well so there is still interest in this stock
Not a recommendation, just an observation
The trend is your friend until it is not