Bear Flag on the daily. Two possible ways to play:
1. Short at the break of pennant, which is also the area of a rising trendline.
2. If price bounces, watch the top of the pennant, which coincides with the 50 SMA of 154.36. Failing to break above and hold the 50 day would provide a low risk opportunity to short with a stop at 155.
1. Short at the break of pennant, which is also the area of a rising trendline.
2. If price bounces, watch the top of the pennant, which coincides with the 50 SMA of 154.36. Failing to break above and hold the 50 day would provide a low risk opportunity to short with a stop at 155.
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