Back to the 80's, 18+ (not for kids)

23 dic 2019

EDG
Double top.

Not a lot of volume on todays market, so might take a red day with a grain of salt. Or at least consider that the prior days bull volume has been greater than todays volume.
Likely scenario is a bit of consolidation with low volume in the christmas period for 3-4 days to build a base, and then blow up, out of the ascending parallel channel, before making a move down.
Or we come back the next days with greater volume and close lower than today, heading straight down, like pictured.

Currently, 15.9% of the shares of the company are sold short
Q3 and Q4 shows an increase of insider selling and no buying, ownership 7.90%
Institutional shows more buying than selling in the same two quartes, currently owning 79.82%