COUP is trending in a reverse ascending wedge pattern where the channel is getting wider with more range. It has just reached the top of the channel again and the top of the bollinger bands, where it has gotten rejected 4 previous times and even shows resistance on the RSI levels. I took a short position looking for the stock to retrace back to the $126-127 level for a 6% gain looking for the future to repeat itself before it goes back to continuing its trend inside the channel.
Trade chiuso manualmente:
Trade pullback wasn't as strong as expected, exited at 138 for small loss