This stock price feels manipulated, as if it was marked up purposefully.
The way they just blew thru 1.236 retrace with no problem and they popped through a resistance level (where to be fair, the stock did hesitate & sell off, pop over and throwback retest held). But now the price has literally terminated into a extremely well defined bearish rising wedge.
The TA risk reward says DOWN with little upside risk.
The way they just blew thru 1.236 retrace with no problem and they popped through a resistance level (where to be fair, the stock did hesitate & sell off, pop over and throwback retest held). But now the price has literally terminated into a extremely well defined bearish rising wedge.
The TA risk reward says DOWN with little upside risk.