Confident this is in a upper wedge pattern.
Wait for confirmation of resistance prior to short entry - as of now the moving averages are still bullish
The RSI is textbook for nominating this stock for the short
How I will play it:
Simple Option Entry
o ITM puts (within 3 strikes)
o 1 -Year Out
o High Delta
o Double Check Volume Bars
As a test I'll try to post my thoughts about the stocks coming out of this finviz filter:
Filter is scanning for stocks with negative growth in the future and with a price below their 50/200 SMA, this should translate in a...