Square complete the Head and Shoulder Pattern as of Jan 8th 2018. The pullback seem to be a little more than what is expected normal but ended up lining perfectly in line with the Left should & Right Shoulder top line. Stock fundamentals dont align with this hyperbolic valuation of 90x earnings. Bears are going to take control once again to bring this down to reality.
Stock showed weakness today with heavy selling and smart money oscillator indicated weakness. If my estimate it correct stock should trace towards the downside breaking the neckline to the downside.
I expect a full downside up to $23-24 in the next 1-2 weeks.
Brace for impact.
Stock showed weakness today with heavy selling and smart money oscillator indicated weakness. If my estimate it correct stock should trace towards the downside breaking the neckline to the downside.
I expect a full downside up to $23-24 in the next 1-2 weeks.
Brace for impact.
Comment:
Stock tried to breach 41.40 but failed and closed lower than yesterdays close. Interesting to watch how this plays out .
Comment:
50 day SMA has been breached. Very interesting to watch how this plays. DJIA has reset at 26000. Is there a possible selloff and expected correction of 10-20%. Wait and watch ?