Limited risk opportunity to sell $X
Negative RSI divergence on the hourly and lower time frames after today's monster rally up. Also weak volume so far today. Long wicked candle at longterm channel/flag resistance. If we go above the high of today $26.32 I would cover around there OR if we close above the channel.
It appears that $X has a history of these huge rally's into the resistance, then dumping back down to the lower channel support.
It appears that $X has a history of these huge rally's into the resistance, then dumping back down to the lower channel support.
Komen:
stopped!