This is a heavy retail stonk and I've seen a lot of tratooors calling top because Alex Crap was calling shorts coke heads on CNBC. Now we have a classic head and shoulders. Could it be a trap? IDK but it regained the 50 ma today which could act as a launch pad. Worth a long above the neckline and 50 MA to 24 ish. Then a call trigger on ATRs may justify more. I view this a contra to an obvious distribution pattern. A tight stop at 21.90 is a must!
Commentaire:
The morning pop rejected off the call trigger. I sold after that for a nice little gain and good thing I did! The afternoon sell closed below the 50 Ma ending the long entirely. Might be a good short afterall. Might go bera under 21.8
Commentaire:
Short! invalid with a close above 22.8
Commentaire:
Starting very small because its still above the YTD vwap. It bounced viscously off it last week