I shorted this yesterday at its first initial rejection at resistance. The resistance was made stronger with the fact that it aligned with the 50sma.
Target 1 - 55$ or bearflag support
Target 2 - 52.98
You have to watch closely at 55$ to see if it bounces of falls through. if it bounces at 55 it will head back up to 57$.
One thing I notice was the H&S showing here. if it falls below 52.98 it could get ugly
Target 1 - 55$ or bearflag support
Target 2 - 52.98
You have to watch closely at 55$ to see if it bounces of falls through. if it bounces at 55 it will head back up to 57$.
One thing I notice was the H&S showing here. if it falls below 52.98 it could get ugly