Just for the meme. Doodling a possible price action scenario on a short here. Definitely NOT financial advice. :) Disclaimer: Price action is nearly impossible to predict accurately, bounce for bounce. But, I'll check back in 6 months to see how this plays out. Probably waaaaaaaay off. Haha, I might even get stopped out of my short!
- Cup n' Handle formation
- $750M insider buy
Veridict - Short term retracement to $8.25 for a 786 fib reversal then a handle break of ATH by 2-3 months and pt of $14
Possible breakdown to $7 golden retracement and $5 to fill gap