Many things working for us to consider a bearish reversal.
We are hitting the 5th wave of the Elliot wave.
Major resistance from all the way back from 2007.
MACD has a nice bearish divergence
Stoch is showing the stock is overbought and due to pull back.
Looking for a pull back to the blue dotted trend line.
In the short term, the upside on this stock appears limited to 56-60 by tough resistance. It seems more likely that it will turn back down to 32 in the coming months and form a possible long-term right shoulder within an inverse H&S dating back to the early 2000s.
