When a money losing company gets overbought, you gotta short it.
Also looks like a H&S pattern, plus indicators went overbought.
Also looks like a H&S pattern, plus indicators went overbought.
Trade closed manually:
Chart read looks correct, but decided to close out most of my positions since I did so well this morning. This is sort of a slow play anyways.
Comment:
Still looks like a valid trade, but my money was better spent on SQ calls. Made more on the morning gap than I could have waiting for this thing.
Comment:
Oh look, it completed the pattern on crappy earnings.