Analysis: A bearish engulfing candlestick formed on the daily chart at $22.18, indicating potential seller dominance after a recent uptrend. The stock is near the upper Bollinger Band ($22.40), suggesting overextension. The MACD histogram is flattening, hinting at fading bullish momentum. A drop below $22.00 could target $21.20 (middle Bollinger Band). Enter short below $22.00, with a stop-loss above $22.40. Take-profit at $21.20.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.