i dont trade stocks over a few bucks but its a big name company and judging by its price action over the last few months im sure a lot of people will be wanting to sell this asset.
i see it dipping slightly here to the 120ish area that i've highlighted in the small green dot, before a strong rally into what you could consider its magnetic force or just really strong numerically founded structure really ... which i've highlighted in red
either way a high level, low percentage setup here for a short, which will setup a decent buy in its general previous structure (which tends to catch savy traders, as they assume it wont hold)
the larger green highlighted area would be if this market just flops right now... which i dont think is all that likely.
Id like to see it drop to the 120ish area, rally like i've shown here and then a steady drop through that structure completing the time sequence shown with the gann boxs.
i see it dipping slightly here to the 120ish area that i've highlighted in the small green dot, before a strong rally into what you could consider its magnetic force or just really strong numerically founded structure really ... which i've highlighted in red
either way a high level, low percentage setup here for a short, which will setup a decent buy in its general previous structure (which tends to catch savy traders, as they assume it wont hold)
the larger green highlighted area would be if this market just flops right now... which i dont think is all that likely.
Id like to see it drop to the 120ish area, rally like i've shown here and then a steady drop through that structure completing the time sequence shown with the gann boxs.