This stock got brought to my attention the other day and i did a bit of analysis on it. Certainly looks like could be a nice short coming up from it? I certainly might be thinking about selling if i held the stock due to where it is.
The first chart shows the Trend Channel that it has been trading in, recently the price has moved to the top of the trend channel and was rejected. This top certainly has weight to it that the rise has been parabolic and with my experience of charts when they get vertical generally they only have one way to go and that is down.
I have also included the repeating ranges that appear with some support levels some taht correlate nicely to the Gann price levels and i will be looking at these as profit targets
This last chart i have included shows the gann levels from squaring time and price and the turn date that is coming up on the 26th of May. something else that has made me consider that this could be a nice short. May not be anything but something i certainly am watching.
Hope you guys found this interesting :)
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