Modern meat on watchlist for a buying opportunity

As you can see, it had price rejection at the top red line from previous ceilings.

MACD showing a reversal and there is some selling/profit taking going on.

This appears to be very compliant with a MACD strategy, I am waiting for a dip, a reversal and MACD confirmation to go long on swing trade.

I do not personally short stocks, could be an opportunity to short although market conditions are bullish atm.

I should mention that so far this stock appears to reverse to new buying opportunities anywhere from 3-9 days.