"Potential Bearish Butterfly"
Pattern underway after prices retraced from the 78.6% fib at 22.75 or the BC leg and even gapped up to emphasize the change in sentiment. Should anyone want to take position on this stock, I suggest an entry as close to 24.00 with a stop at 23.00. The pattern target is set at 28.75 with resistance pegged at 26.50.
As usual, buyers beware.
Original notes on entry and exit prices are included in the chart for reference. Erratum on entry in notes, change to 22.75 instead of 22.00.
Comments will be appreciated.
PD: No position.