FireWaterGlass

FireWaterGlass

Simple enough in the subject description. Very bearish

FireWaterGlass

Very clear that a bearish reversal is on the way in my opinion. The issue is that nobody wants to hold the bag. This is a precarious situation where bulls will have weak hands.

FireWaterGlass

The long-term ascending wedge has been broken to the downside and is showing a convergence of bad news, fundamental issues with the company, and the technicals are showing this to be affecting the stock price severely.

FireWaterGlass

The Chart tells me that there have been multiple failed attempts to break new highs and shows a bearish decline in the making.

FireWaterGlass

As stated. I feel this will head to the sky if this breaks through past 122. Fundamentals drive technicals.