Rose - SHORT
Rose has had a major run up in 24-48 hours and looks to be loosing steam. There is strong bearish RSI divergence on both the 1 hour and 15 minute time frames, as well as a series of lower highs, along with a recent rejection of the downward trend line.
Stop Loss: Above .4
Targets:
Support Area (Blue Line):
Fib .5: .36685
Fib .618: .35796
50 or 200 MA: .377 or .355
Stop Loss: Above .4
Targets:
Support Area (Blue Line):
Fib .5: .36685
Fib .618: .35796
50 or 200 MA: .377 or .355
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