I was watching this counter and it was in my watchlist for sometime. In my personal opinion, this is one of the toughest stock to trade because the up move was not smooth with many sellers and hurdles along the way. For the short term, I expect this stock to distribute up a little more before a huge selling wave is coming. I will be looking to short this stock for more downside to come. A cut loss level will be above 0.9. With that being said, I would need to monitor for the best timing to execute a short.
Ronald K - Market Psychologist - A Stock Market Opportunist