Looks to me like HLF is forming a right shoulder within an enormous potential H&S formation. Add the enormous bearish divergence within MACD and I'd say this is a very attractive short.
3 Reasons For Short 1) Hit Major Resistance 2)61.8% Resistance 3)Rsi Bearish Divergence
After all the scandal about Herbalife and Ackman talking against this company, from a merely technical stand point of view I must say, can't see why should not look for new highs. As long as the historic of this chart let's me view, we came from a strong rally, that were severely retraced 76.4% in log scale. This means that this or is the A or 1 of a structure,...