Will look for bearish setups on lower time frames at this time. Love, high time frames with either (Harami, Pinbar or Engulfing reversal candlestick setups). Will be looking to do put option trades and/or sell this stock for rest of July and into August. $70.00 looks great for 1st support area, at this time.
Trade closed: target reached
⋅
$70.00 support hit and got out, on initial set up at $80. Then PA kept on going. ouch.
I think it has decent support zone at 56 area now.. given there has been consecutive bearish days for it -- it could definitely use a bounce at 61.8% retracement. 56 --> 60. Thoughts please.