This stock has come to me twice in the past couple weeks. I ignored it the first time, but got it last night out of a huge list of tickers. And, wouldn't you know, it has earnings tonight!
I'm dowsing, btw for these picks.
The "big idea" for this one is that it's going to breakdown. It already is a bearish daily chart, but the trend is your friend, right? I expect tomorrow to be down, however, it is likely to bounce and you want to sell into the bounce as I understand it. I think it may go down into the date of the 15th, or there may be a downgrade? Either way, definitely negative energy in this name and I'm targeting around $21.
I'm dowsing, btw for these picks.
The "big idea" for this one is that it's going to breakdown. It already is a bearish daily chart, but the trend is your friend, right? I expect tomorrow to be down, however, it is likely to bounce and you want to sell into the bounce as I understand it. I think it may go down into the date of the 15th, or there may be a downgrade? Either way, definitely negative energy in this name and I'm targeting around $21.
Comment:
This played out really well, but there was news that popped it 6% today. I still have negative energy in it and like it for lower. Near close and it's only up 2.7%
Comment:
After the final low and reversal this is over imo. It wasn't that great, but an interesting one to learn from.