Classic bounce into resistance (bag holders) after half-way point bounce.
Of course it could break through, and create a massive squeeze, but we are talking a shit ton of volume would have to come in to overwhelm.
Short all the way to gap-fill
If you can find shares to short, this is a high probability set up.
Half way point: First Target
Buy to cover zone: Second Target
Keep in mind fees to short this POS could be high, nonetheless the set up has great risk/reward.
Entry points: Intra-day double-top (if it makes it there)
After next red day, place sell order below that day.
Although still in a downtrend (Below 200 EMA I classify as downtrend), a counter-trend move to test the 200 EMA is believe to be imminent.
Usually after divergences on a downtrend, there is a move up to the 200 EMA (a test).
Sometimes it will blow pass the 200 EMA (gap above it), sometimes it will get cold rejected.
With that in mind target 200 EMA.
Not super confident on this set up, thus the tight stop.
It may consolidate for a while or just fade.
looking for a spike that forms the double top.
If fail I will wait for a short set up to fill the gap.