The_Patterns_Guy
Short

#PVG #stock #short

NYSE:PVG   PRETIUM RESOURCES INC
PVG looks like it has formed a triple top. If you look on the weekly and monthly charts, the indicators have turned negative and this formation is propionate in all of them. I have set a stop at the top of the gap on the daily chart and target at the price projection mirror. One note of caution, this stock has already plunged into a support zone and has an overhead gap. So while I do think the direction is down, I would not be suprised if they stock rebounded before it continued it s move down.

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