Bears hidden ahead.
Today this stock ran up for +6.37%, which is quite strong movement for any stock. But important moment about this run are volumes, which were extremely low, especially for such a strong movement.
Above there is strong resistance "cushion" between $8.5 and $9.3, which was broken on 01/23/2014 with highest ever volumes, so this one would be strong resistance.
I would suggest gathering of short position starting around $8.50 and higher with stop between $9.5 and $10.
Above there is strong resistance "cushion" between $8.5 and $9.3, which was broken on 01/23/2014 with highest ever volumes, so this one would be strong resistance.
I would suggest gathering of short position starting around $8.50 and higher with stop between $9.5 and $10.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.