yousufj56

Bearish overall channel; Slight rising wedge

Short
NASDAQ:PPC   Pilgrim's Pride Corporation
I personally wouldn't take a long trade here; I wouldnt mind a short trade here.

There have been no impulse moves to show desire to move this out of the downward channel . Pure consolidation.

I believe a fake break will occur out of the downward channel that i've drawn; it will fail and will be brought back to downward fall.

Fyi, to anyone reading my posts, i'm just trying to keep these for future reference to see how i do.