Consistently spikes downward after hitting $8.00. ($6.60 Target)

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.

Commentaire:

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.