Friends,
Worth remembering that this stock is in an UPTREND, and the sentiment is bullish, but this stock is a good opportunity to short down to trendline support perhaps further for some points.
Don't use ratios often but this is an appropiate time. Ratio confluence ext. target hit and respected, break below sideways resistance signals forceful short.
I forgot to put on the chart that the target for this short would probably be the trendline support you'd get if you was to draw a trendline on the 2 high low points.
Worth remembering that this stock is in an UPTREND, and the sentiment is bullish, but this stock is a good opportunity to short down to trendline support perhaps further for some points.
Don't use ratios often but this is an appropiate time. Ratio confluence ext. target hit and respected, break below sideways resistance signals forceful short.
I forgot to put on the chart that the target for this short would probably be the trendline support you'd get if you was to draw a trendline on the 2 high low points.