I have been watching this stock for a while, and this is possibly a double top showing bearish divergence. Directional volume has seen buyers "ruling" for a while now and it may be time for supply to pick up (more selling). You can also add trend lines to the chart and use 30m chart for entry.
On the weekly chart today's candle was 2 pennies away from being a true reversal candle (this week's open is below last week's green candle open). Stock price is unusually high above 10sma.
I am holding 9/4 280 puts at a loss because I bought too early, but they are much better today. I am holding overnight.
On the weekly chart today's candle was 2 pennies away from being a true reversal candle (this week's open is below last week's green candle open). Stock price is unusually high above 10sma.
I am holding 9/4 280 puts at a loss because I bought too early, but they are much better today. I am holding overnight.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.