weekend charting 6-7 november take 2, page-178

RIV,

A possible short entry for a quick trade if it breaks down.

Even though a stock may be in a dominant up trend there is always money to be made either way trading, depending on setup and risk.




On the weekly, with some possible time counts. I have traded it a few times, it does love to drop hard, take stops of traders, then bounce and resume. Some what annoying if a trader. :)
To me the weekly looks like a new high breakout, and very strong if it can hold the higher levels.