It is in primarily in the insurance business. But has an interest in drilling, pipeline, hotels; and now; containers. I am not sure what is the link between these diverse industries.
As of EOD 25th Apr, It is going sideways for a while in Weekly. Weekly displayed Bearish Headwind a few weeks ago.
Now, in CUE Daily Hop On, it hit the Memory Resistance after rapidly going up for 2 days - both days with Gap Up Moves.
As we don't have a Close below previous day's Close yet, the Bounce Short conditions are not yet met.
One might Short it if in Fine Tune it gives a Low-Risk entry opportunity on 26th Apr.
I had shared the potential L Short as Swing Trade or Day Trade in the original post and further detailed it in the "Putting CUE System into Practice" webinar on the live market while USA Market was open. [Recording of the video will be present soon on our YouTube channel.
Here is how the Day Trade exited profitably with High Reward Risk Ratio.
Memory Resistance worked once again.
We don't have a Bounce Shot setup yet. But the Stock remains Bearish and one may watch for potential Swing Bounce Short tomorrow OR another Short Day Trade tomorrow.