I suppose you could probably sort anything in this market right now since I think the China talks will fail. This looks like it's headed down on a H&S and bear flag pattern. I expect this to create a smaller bear flag right here for a couple of days.
Not actively shorting it since I like this stock, will buy if it hits $31 this month.
Not actively shorting it since I like this stock, will buy if it hits $31 this month.
Comment:
Note that it broke support level...
Comment:
Chart read says 3 or 4 day bear flag just like it did last week (also last May) then another leg down, coinciding with the Chinese trade entourage going home without a deal. Looks like it's gonna bounce off the 200DMA when it get there, but could tank to $31.