Could Dexcom be in trouble this week?
Updated
Dexcom has been on an insane run, I think it is a great long term stock.
However I am looking at short term, we can see a rising megaphone pattern and inside of it we see a small rising channel that is pristine until the last hour of trading on 5/8. Due to this I am short for this week, I will be looking for a quick gain on puts and get out.
However I am looking at short term, we can see a rising megaphone pattern and inside of it we see a small rising channel that is pristine until the last hour of trading on 5/8. Due to this I am short for this week, I will be looking for a quick gain on puts and get out.
Trade active
bought more June puts todayit stayed in the upward channel and also stayed in the rising megaphone
it is in the middle of the channel and the middle of the megaphone
I am seeing it overbought on 3 and 4 hour
downside this week or ill sell
Note
We just broke down from first support, next support touch I'll sell and take profits.
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