Bearish RSI divergence followed by a failure swing out of oversold appears to have been a sign of weakness that should have been heeded. A 10-day bull trap appears to have followed and then a dump on Thursday, leaving bulls stuck in the red. There was a technical bounce off of the lower bollinger band, 40-day SMA, 20 day price channel, etc. It probably won't hold. Price target = $54 then re-evaluate.
Ordine annullato:
I was not able to trade this, my broker wouldn't let me short, guess I didn't meet the margin requirement. MACD is showing weakness. Seems it could still go down to $54. I'm done watching this since I can't trade it.