Resitant at ichimoku with previous resistant trendline resistant.
Target 16 SL 22 on closing basis.
Fresh buy only if closes above 22 only with target of 28.
The idea is also supported by overbought stochastic and RSI.
I see a completion of a year-long H&S as part of a large downtrend. The 1.618 extension puts the end at about 10 bucks! Support--> new resistance. Alternate setup at 22 for bullish QE/steel sentiment following US election. (XABCD pattern)
Historically, a selloff occurs right after dividends are collected. Prime example would be last time. Price gapped up after a good earnings report but investors realized it was over bought and buried it after they made money on dividends.
As well as the bearish head & shoulders