BLOOBERRY

Class II Bearish Shark Butterfly Pattern

NASDAQ:DRWI   DRAGONWAVE INC
63 0 2
7 months ago
A really bad Bearish Shark Butterfly Pattern. I would estimate neutral or bearish in position off of point "D". Probably until mid-afternoon tomorrow, Friday 04/15/16. At best, $6.90 before uptrend reversal. At worst, continues uptrend from "C" into $7.70, which would be awesome if I had the balls to go deep and buy to enter into this position. Could be another day for a 25% mover. Very dangerous.

Point "C" is an expanding wedge, hence the uncertainty. Nevertheless it doesn't matter since my cash account cannot short this outlook and I will only be watching it at a distance.

I also forgot to mention that if you look closely at 04/14/16 @ $7.40 there appears to be a subtle Double Top, and the indicators before that shows the Stochastic RSI way above 15, 80.00 signaling perhaps a late bearish pullback.
7 months ago
Comment: So far so good. Tracking dashed blue arrow. $7.03
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out