From all time high with clear downward oscillators and hard sell-off to end last week.
Bullish anticipation of significant buy-back Monday onwards
Descriptive of over extension of buying action on Friday bearing lower possibilities come Monday
Oscillators down; largest sell-off in 12 months with similar pattern in December 2016. Sell-off lands shortly after stock's historical high.
Despite very favorable sales revenue results and ambitious calls for LONGs from analysts predicting a price at $120, conservatively. Meanwhile there will continue to be at least short term downtrend before an upswing.
On favorable news regarding phase 1 005 trial at the 2017 SanAntonio Breast Cancer Symposium.
Aiming downwards from resistance
Strong bearish continuation with oscillators facing downward. Earnings call at 14:00 EST today, expected increases in earnings and sales discussed. Short fall may reverse by tomorrow.
Showcasing market's brutal punishment following disappointing quarterly earnings today. From Motley Fool: "Ascena is struggling with brands that are just not resonating with consumers. With a stock that's given up 90% of its value since 2013 but had recovered a little ground in hopes for the holidays, the market seems to have to no further patience for "fashion missteps."
With a STRONG bearish signal from a long legged doji at resistance to today's hangman, signaling a WEAK bearish reversal. Anticipating continued up with a CALL BUY at $5 but reduce cost by CALL SELL at $7.5 both at January 19 expiry (credit spread).
With upwards oscillators and heavy buy-back akin to situation on July. Possibly creating new resistance above $118 created October 10.
Further down the hole expected. Readying for $7:15 support before possible upswing
Compelling continued downward action with further indications of same from oscillators
At resistance signaling and change in swing with corresponding lowering RSI and MACD and softening of buying
Pressuring downward movement coinciding with lowered RSI & MACD. A SHORT PUT alongside a LONG CALL for eventual up pick.