STK ANALYSIS:
STK has attempted the 200MA not once, but TWICE! Both following a strong rejection. Following this chain of events, STK has not been falling inside a descending triangle, in which I expect a strong break here back down to support. The following short targets are in play at T1 of 25, T2 at 23, and T3 at 21 sats. Entering back into the low 20s and just below is prime opportunity to open a new long. Look for a short here and wait until the support is hit for any strong bounce. I do expect a third attempt and break of the 200MA, but that will not happen until support is confirmed and buyers step back in!
Short Entries: 27 sats
Long Entries: 20 sats
STK has attempted the 200MA not once, but TWICE! Both following a strong rejection. Following this chain of events, STK has not been falling inside a descending triangle, in which I expect a strong break here back down to support. The following short targets are in play at T1 of 25, T2 at 23, and T3 at 21 sats. Entering back into the low 20s and just below is prime opportunity to open a new long. Look for a short here and wait until the support is hit for any strong bounce. I do expect a third attempt and break of the 200MA, but that will not happen until support is confirmed and buyers step back in!
Short Entries: 27 sats
Long Entries: 20 sats