As you can see, the signs are more bearish (at resistance, MACD and RSI cross) than bullish(bullish flag pattern) on the SHORT term
...but still would never recommend shorting this stock, because it keeps making higher highs and lows.
Instead, I am planning to play some weekly credit spreads and add some stock for the longer term at 22.24 and 19.37.
Monday will tell us the direction, the flag pattern is a good indicator.
If it fails to break out above, then weekly bear call spread is the way.
In the other case: weekly bull put spread is the right way to trade this one
Trade safe!
...but still would never recommend shorting this stock, because it keeps making higher highs and lows.
Instead, I am planning to play some weekly credit spreads and add some stock for the longer term at 22.24 and 19.37.
Monday will tell us the direction, the flag pattern is a good indicator.
If it fails to break out above, then weekly bear call spread is the way.
In the other case: weekly bull put spread is the right way to trade this one
Trade safe!
