Crooked W//Butterfly
Actualizado
Price is still above the .382 of the trend up.
I used the Political Flu low of 25.15 as a guide.
ATH is 110.75. ATH 4.09.
I have owned this in the past and this is a good company.
I am not sure it lives up here though.
The Butterfly has a retracement leg that pulls up in the bearish version to the .786. This one is a bit shy of the .786.
The final leg usually terminates at the 1.272. This one went a little bit higher.
No recommendation.
Short interest is around 7.77%.
Bearish Butterfly.
I used the Political Flu low of 25.15 as a guide.
ATH is 110.75. ATH 4.09.
I have owned this in the past and this is a good company.
I am not sure it lives up here though.
The Butterfly has a retracement leg that pulls up in the bearish version to the .786. This one is a bit shy of the .786.
The final leg usually terminates at the 1.272. This one went a little bit higher.
No recommendation.
Short interest is around 7.77%.
Bearish Butterfly.
Nota
Great company!There are a lot of buyers in this security. There is a lot of supply versus demand in this stock.
When panic mode hits, it may cave. Just be safe.
Sometimes it has nothing to do with how fantastic a company is. It can come down to which stocks have the most buyers inside that could possibly sell the shoes out from under your feet )o:
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