Looking for a little support at Target-1 area. But I think within the next 40 days, it should also drop to the lower Target-2 area.
Initial stop is above the diagonal trend line.
Initial stop is above the diagonal trend line.
Comment:
Hit first target. I am out now, but may revisit again above 46 as it hits trendline resistance and subsequently resumes downtrend to 42-ish (Target 2).
Trade closed: target reached:
I still like this stock as a future short, but I'll just post a new chart when/if that time comes.