Check multiple time frames. You can see a double top on weekly. Stock went below 20sma and made a strong up move last week, back to 10 SMA. I am looking for stock to come back down to 230-235 area, and it could head lower.
My stop will be over 252.50. I had a support line around 252 on 30min chart (from earlier) and stock broke below it today. Will be watching for RSI to go lower on daily chart.
My stop will be over 252.50. I had a support line around 252 on 30min chart (from earlier) and stock broke below it today. Will be watching for RSI to go lower on daily chart.