The_Patterns_Guy

#BCPC #stock #short

Short
NASDAQ:BCPC   Balchem Corporation
BCPC has formed a H&S on the daily charts, with a double top on the weekly and monthly charts. Indicators are pointing down and trend is down on the daily chart. Looking at over a 3 RRR.
Weekly
indicators pointing down. trend neutral. double top visible

Monthly
Double top and indicators pointing down. trend is up, however,

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.