Pros:
- Clear head and shoulders
- High vertical distance
- Nice volume contractions
- Volatile stock
- Average short interest (1.77%)
- Rather close stop
Cons:
- Right shoulder is slightly higher
- No clear longterm trend
As you can see my suggested trade setup gives a risk reward of 2:1. If the stock behaves nice and breaks down, i think this is worth a position. Let me know what you think!
Cheers
- Clear head and shoulders
- High vertical distance
- Nice volume contractions
- Volatile stock
- Average short interest (1.77%)
- Rather close stop
Cons:
- Right shoulder is slightly higher
- No clear longterm trend
As you can see my suggested trade setup gives a risk reward of 2:1. If the stock behaves nice and breaks down, i think this is worth a position. Let me know what you think!
Cheers