What to say about this stock. A competitor to TWLO it was touted. Well, the chart to put it mildly is totally destroyed.
I would write a thorough thesis and DD on the value this stock offers relative to the competition but sadly it seems the markets have other ideas.
Crashing through multiple supports not to mention the bear flag formation which I ignored to my PERIL.
I have taken a short position of 200 shares and look to close around 100 dollars seeing as the support below is practically non existent.
A shame for a great stock in the sector which gets no love.
SHORT: 200 shares @126.52
I would write a thorough thesis and DD on the value this stock offers relative to the competition but sadly it seems the markets have other ideas.
Crashing through multiple supports not to mention the bear flag formation which I ignored to my PERIL.
I have taken a short position of 200 shares and look to close around 100 dollars seeing as the support below is practically non existent.
A shame for a great stock in the sector which gets no love.
SHORT: 200 shares @126.52