I saw a few of weeks ago a chart of this stock posted by another user, and it looked very bearish
. The correction was pretty light, when you have such a divergence on a double top
heavy corrections follow. I believe that shorting this stock is the way to go. The double top
is still there, the divergence on the MACD
is still there. The pattern on the Weis Wave is bearish
. Right now I believe we are rallying on little demand, and entering is tricky. If I could, I would buy a put option, cause I'm not sure with the timing. I believe lower prices are coming during the following months.