looking very bearish

7 giu 2019

Right now we are looking at a potential triple top, we wont know until it breaks the resistance, what i believe to be the 100 dollar mark as it bounced off it before the last dip. But along with that we have a rising wedge while the trend of the stock itself is going down, making a flag/pennant formation. We have not made a new high in a year and a half, and each dip thereafter has be repeatedly lower. The volume itself was strong on the breaking of the wedge, but be prepared for a pullback as it hit the 200dayMA and as the market itself is pinching the last of the bull market out, then be prepared to sell for a big drop.