Dead-cat Bounce to $42 Possible Soon (Descending Wedge)
Updated
Positive/bullish divergences on several indicators (CCI/RSI/MoneyFlow) & Short Interest of 15%
Volume drying up.
= Shorty Getting Squeezed Soon
P/E of 10 = Value play.
Opinion Only
Volume drying up.
= Shorty Getting Squeezed Soon
P/E of 10 = Value play.
Opinion Only
Trade active
The longer it bull flags here under resistance I like it for a powerful breakout to the upside. Trade closed: stop reached
I have no doubt in my mind that it goes to that $37 level to fill that open gap.Coincides with the 50week MA as well.
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