the stock is very overbought, and the "false bull flag pattern" and wide BB suggest we should see good short-term correction.
Someone showed me that historically it may not correct as much as we would wish for, but since we got this flag pattern, likely we should be able to get close to $ 92.00 FIB retracement level.
Strategy is to SELL between $ 112-120 and take profit near $ 94.75 for now.
Someone showed me that historically it may not correct as much as we would wish for, but since we got this flag pattern, likely we should be able to get close to $ 92.00 FIB retracement level.
Strategy is to SELL between $ 112-120 and take profit near $ 94.75 for now.