This stock was speeding towards the moon but it forgot to check the blind spot. Now we are pulling back and the question is how far will we go?. It looks like it will either be at 80$ or at 65$. I prefer 65$!
Timing = 1 ( lately this stock has pulled back with the market & my current bias is we are finding a bottom to reverse soon)
Volume = 0 ( The volume was weaker on the move up and stronger on this latest sell off making me think that there might be more downside )
Group strength = -1 (The consumer cyclicals have broken some key resistance)
Entry = 1 ( i like this entry below current price bc i am cheap & i have bias for more downside in the current market)
Fractal = 1 (fractals support a reversal )
Timing = 1 ( lately this stock has pulled back with the market & my current bias is we are finding a bottom to reverse soon)
Volume = 0 ( The volume was weaker on the move up and stronger on this latest sell off making me think that there might be more downside )
Group strength = -1 (The consumer cyclicals have broken some key resistance)
Entry = 1 ( i like this entry below current price bc i am cheap & i have bias for more downside in the current market)
Fractal = 1 (fractals support a reversal )