Note that TOPS is trading within a symmetrical triangle. We opened today in the 1.90's and filled the gap back down to 1.71. Gap from 10/26 at 1.65 has been filled. I don't think it will go below 1.50 because of the offering. The end of the symmetrical wedge is 12/13, which is around when I think the 50MA and 200MA will re-connect for the bullish cross.
Ok, lots going on here on my messy end. From bottom to top:
1. RSI trend line from 8/15 is still intact. Needs to bounce off 38-40ish to keep the trend intact. RSI currently at about 45. Wedge ends 10/5ish so I expect the next big move to be around then?
2. Accumulation/Distribution line, while improving, still shows significant divergence from the SP. Note ...
1 move will be worth about 10% so be very careful on this. This will go down to infinity and it has a lot of short sellers. If you short this, you might be at risk of losing more than 1k% or more.
DON"T GO IN WITHOUT A STOP.