If you've followed me for awhile, you know I rarely do ideas on this Mid/Low cap tech.. The reason is because they have High IV and are heavily shorted.
Even so , this looks like a good setup here.
We completed the Double top here at 67
The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so
We could push up to 76-80 max before chopping and round off the right shoulder for the drop to 51.
Even so , this looks like a good setup here.
We completed the Double top here at 67
The larger scheme of things is the Double top was actually the completion of the Head in H&S pattern like so
We could push up to 76-80 max before chopping and round off the right shoulder for the drop to 51.