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Long

SHLD | Short-term Bullish Setup

By LuckyGenius
Updated
SHLD Appears to be in the beginning of Elliott Wave 4 retracement. Both RSI and MACD loooking bullish on the daily chart. A cross above $8 by 2/10/17 is not unlikely.
Comment
Trendline broken; PT void. Short-term retracement still likely.
Trade closed: target reached
$8 crossover reached on 2/10 during pre-market trading ($7.75 during normal trading hours). Another short-term bounce is likely around $6.50 prior to resumption of downtrend.
SHLD

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