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.