Consistently spikes downward after hitting $8.00. ($6.60 Target)
Updated
Since 2012, this stock consistently has a pattern of spiking downward after an uphill rally creating large spreads of gains going short. There is not any fear that I have that this stock will rally upward any farther before it hits my 6.60 target as it has proven to be very volatile and is already facing a downward candlestick today.
Note
Missed 6.60 price target. Set stop for 10.00 and hold for decline. 5-year trend suggests strong resistance around $9.00. Hold short for 1-2 months and watch for ~6.75 price target.
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.