I am overall bullish long-term on this stock but it is due for some rertracement. Strong divergence, less volume, too high too fast. Just shorting to right around 120 level, although very easily could hit channel around 118.
Note
Might not be a textbook hanging man since it closed above the open, but there was minimal movement above the open and closed within 22 cents of the open. I think this crazy bullish run is exhausted for the moment, adding to my position. Buying short term put.
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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.