The orange Fork reveilles where the Pull-Back balance is.
If price is closing below the orange Centerline, then chances are very high that we see price at the white Centerline very soon.
Although I like the company very much, I know what my job in trading is...it's a clear Short to me.
Now I look for a pullback to enter the position again, since price is working it's way still to the South.
Forks & Options are really a perfect combination to trade for consistent income.
Learn more on my website if you like with the Free ForkTrading BLUEPRINT.
News Blog: http://www.forktrading.com/forktrading-blog
I bought at $250, so now I hodl...
Earnings risk ahead. I can see your rationale, sound as always.
Have a nice weekend mate.
See ya around :p