Nasty resistance at $26.30 (old support,see back before it fell off the perch). Looks as though it could hit $22.70 on this pullback based on the height of the trend channel that it has just fallen out of. If it can hold closes above $24.80 this would be bullish and give a target in the $29.60 area.
The short position at $26.30 is probably the higher percentage/lower risk short term play with stop just above this level on a closing basis.
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Nasty resistance at $26.30 (old support,see back before it fell...
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