Pros: - Clear head and shoulders - High vertical distance - Nice volume contractions - Volatile stock - Average short interest (1.77%) - Rather close stop
Cons: - Right shoulder is slightly higher - No clear longterm trend
As you can see my suggested trade setup gives a risk reward of 2:1. If the stock behaves nice and breaks down, i think this is worth a position. Let me know what you think!
Nice move ;)