$PS 5 Month #Rectanle #ChartPattern

Another short I'm tracking for this week is NASDAQ:PS .
It formed a 5 month rectangle with $16. 40 acting as support. The stock broke the 200 MA and been consolidating right below it forming a month long rectangle failing to stage a meaningful bounce from rectangle lower boundary with $18 acting as strong resistance.
A clear close below $16. 40 will complete the 5 month rectangle chart pattern and trigger a short entry.
Chart pattern price target added to chart.


Can we go long now? Thanks
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