Fibergeek

2018-06-23 - Rapid7 - Weakness detected in the uptrend

Short
NASDAQ:RPD   Rapid7, Inc
BEARISH
Lots of tech stocks were weak on friday, Rapid7 ( RPD ) fell too.
On the daily I see a head & shoulders pattern forming.
A strong (high volume ) bearish candle which may indicate the end of the uptrend.

BULLISH
On the weekly the stock is still in an uptrend and the doji is showing indecision.

UNSURE
I wonder why buyers stepped in on friday the 22th, and why they didn't do that on the 18th when the stock made a low of 28.
Did the sellers hold off that day and they decided to start selling on friday because of the escalating trade war?

I currently own a small position, I am preparing the close my position.
I have no idea how it will play out, double top (?), failed head & shoulders (?)... Future will tell.