There is some strong bearish pressure behind this stock.

10 Şub

With the top and bottom lines of the Bollinger Band turning inward is indicating that the price is entering a contraction/consolidating pattern. The weekly Bollinger Band midline is in a downward direction suggesting that underlying trend is down. When the contraction pattern ends, the price will move in the direction of the midline of the Bollinger Band. What to look for is the top and bottom lines of the BB to expand and turn in opposite directions.

Apparently, a double beat with earnings and revenues is not enough for the bulls to take interest. and move prices up. This one needs a little time.

This is my idea and not intended to be a recommendation to buy or sell any security.

13 Şub

İşlem kapandı: hedefe ulaştı

Nice move down, closed out my options.