Rinehart
Short

CNSL short from Weekly Rising Wedge

NASDAQ:CNSL   CONSOLIDATED COMM HLDGS INC
27 0 0
Price has funneled higher in a rising wedge pattern. Now we have price closing beneath the rising trendline and previous horizontal support / resistance level . Best entry would be to sell a break of the most recent bar. There is a good chance that the trendline will be tested from beneath. However, price should not close back above the trendline if the pattern is correct.
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