Bounce up
I see this one bouncing up early next week. As you can see it is sitting at the 200 EMA. It has tested the 200 EMA 2 times, this will be the 3rd and they are all in line with the trend line and upward channel. The short interest is below 2% indicating most people are thinking it is going up.
As you can see the top channel would be around $9.75-$10 depending on how long it takes to rise. I suspect profit taking around $8.70-$9.25 due to the large gap up and high volume back on 9-13-18.
Also, earnings are 11-6-18 so I would get out before then, at least trim my position by 75-80% depending on how I did on the trade.
As you can see the top channel would be around $9.75-$10 depending on how long it takes to rise. I suspect profit taking around $8.70-$9.25 due to the large gap up and high volume back on 9-13-18.
Also, earnings are 11-6-18 so I would get out before then, at least trim my position by 75-80% depending on how I did on the trade.
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