Hi All
Interesting one here which IS going against the trend (cardinal sin I know!). They're reporting next week on 3rd (expecting good results) and thinking of a short. I know Mick has it on the bullish trending charts above. Reason's being:
*Divergence being created between the price and stochs/RSI/MACD/MACD Histo
*Volume's drying up
*ATR exhausted suggesting bull's have run out of steam
*MACDs
I'm suggesting if on the 3rd May results are good and something of a shooting star is confirmed I will take a short. Not a high conviction trade as against the trade (look's mad I know!).
Kind Regards All and Have a Fab Weekend
KullyB