This stock has multiple bearish
formation across multiple time frames. Indicators uniformity point down. Price target supports a 2 RRR
. I would shut for the November 2018 put, strike price $40 for price between 3.70 3.90. That is a 20 cent spread. If stock hits target the strike price will be well above $3.90.
On the daily chart
stock has formed a bearish descending triangle
. all indicators point down.
Stock has formed a H&S
on the weekly chart. All indicators point down. There is a 2 RRR
Stock has formed a double top
on the monthly chart. All indicators point down.