Nice flag at recent highs after breaking out on 01/28 on heavy volume. Watch for a follow through day in the coming days.
CONN crossed below its major support last Friday with high volume. Probably it would continue its decline for several days or probably would go back to $17 first before continuing its downward trend.
All bubbles go thru the same cycle: Hope, Optimism, Belief, Thrill, Euphoria, Complacency, Anxiety, Denial, Panic, Capitulation, Anger, Depression, Disbelief. Google "Wall St Bubble Chart." I'm sure most everyone has seen it. It's a market cycle, and simply put, it shows the fear and greed elements of human behavior. The point is, humans behave the same way time...
CONN expected to open at 30.00 for a Retest Gap. Watch out for slightly low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com