The stock is in a uptrend so shorting this will be a high risk trade.
However, we see that in the last 5 days, the volume has been decreasing and the candles have been shrinking in size.
This is a possible hint that buy interest @ higher prices is weakening.
Also note that today we have a nice bearish engulfed pattern. Any bulls that bought yesterday are now in pain. this could possibly help drive the price down.
Therefore, I am thinking this could be a possible intraday short tomorrow. Some good targets would be $70 and of course $68.
However, we see that in the last 5 days, the volume has been decreasing and the candles have been shrinking in size.
This is a possible hint that buy interest @ higher prices is weakening.
Also note that today we have a nice bearish engulfed pattern. Any bulls that bought yesterday are now in pain. this could possibly help drive the price down.
Therefore, I am thinking this could be a possible intraday short tomorrow. Some good targets would be $70 and of course $68.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.