bertolinitrading
Short

Big rectangle Rose Garden or Bear Flag?

NASDAQ:ROSE   ROSEHILL RESOURCES INC
$ROSE is lower after earnings . Looking at the weekly chart it is range bound in this big rectangle . 16$ is support from lows in late January and mid March. 16$ can be a short targets because of it's snap back rallies to the top of the range. The top is only two weekly bars from the January low and it was above 25$

The breakdown below 32$ in November of last year makes it look like a pole on a bear flag . Or a range bound rectangle rose garden. Or bear's big brown foot. Perspective is in the eye of the beholder.
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