GOOD - Looking To Short @ $21
GOOD appears to be in a C wave zig zag correction that a 1:1 would see hit 20.83.
There is distribution resistance in that area as well as the 50MA and so there could be plenty of selling in that area.
If it can print a wicked shakeout reversal pattern through resistance and 50MA then I will enter a short looking for much lower lows.
Not advice.
There is distribution resistance in that area as well as the 50MA and so there could be plenty of selling in that area.
If it can print a wicked shakeout reversal pattern through resistance and 50MA then I will enter a short looking for much lower lows.
Not advice.
Comment:
GOOD in a very corrective ascending channel here going nowhere and could break down anytime. Could also have some shakeout shenanigans and get to my target so we'll see.
Comment:
May also reverse @ 1H 200 MA as it did before.
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