$F update, big pierce of 200 DMA I took the $F tr
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$F update, big pierce of 200 DMA
I took the $F trade off the table last week and that was a good thing. Not only did it close above the head of the head and shoulder pattern, but it also closed above the 200 DMA. The stock is extended and is probably seeing a short squeeze right now judging by the 139 mm shares of volume yesterday. If it can set up a few more candles for a reversal pattern on the daily, or get above 11.50 it looks like another swing short possibility. I'll just have to keep my eye on it.