SpriteMcBain

SpriteMcBain

I'm jumping in a bit early on this one. Normally i would like to see an oscilator change before I dive in but this one I'm comfortable owning.

SpriteMcBain

This is looking ripe for a gap fill. 40c jan 28, feb 5th and 12th.

SpriteMcBain

With the MACD losing steam and the RSI overbought it's a good time to take on a short position on a relatively safe stock. Consider putting the SL @ 20.33 and take half profits at 19.43 and watch it from there. Take full profits when MACD starts to turn back around and RSI heads back up. This is a very low risk trade. Great for folks who aren't typicaly...

SpriteMcBain Updated 

I checked the fib retracements and @tsx_trader is bang on. Its forming a falling wedge and consolidating right into the zone and the momentum is turning around. It could bounce/consolidate around 2.38 and head back down to the 2 support level and make another run. That would be an optional place to scale in additional funds. with a SL at 1.90 the risk/reward is...