there's an inverse head and shoulders set up on both the 30min/1hr time frame. Focusing on the higher time frame, to better illustrate the trade set up. RSI below the clouds = bullish. 11% down day Friday, 100's of thousands of shares traded afterhours. I see a massive short covering as folks still holding short positions over a holiday weekend.
Comment:
4hr is showing some weakness. looking for a quick scalp in/out for a nice gain.. Not looking to be married to the stock. something i'm watching heavily. could also present another great short opportunity after run up.
