Crossroads here. Back to 11 or up to 14

15 Mei 2018

This is looking like the top of the next wave for this stock. There was nice Bull volume in the last 5 minutes which should lead to a decent open however after looking at the two candles that rejected around 12.35 and the full red on the hourly it makes me believe that this is the top of the second wave. There is support at 12.00 where it could make another run but I dont expect it to. 11.75 and 11.50 are the next daily supports. the safe play would be look to sell around 12.35 and buy back on a retest if it ends up holding. If so we should see another big run to 14 as the RSI still has a lot of room to work. The bigger markets have another day or so green so lets hope we continue that.