I never thought I'd go out on a limb like this, but what the heck. BTW: if this doesn't work out I'll know myself.. thanks
While it is at overhead resistance and a pullback is possible, I'd still be a bit nervous shorting this stock, as what appeared to be a trend change in the making on the daily chart earlier has been invalidated. My guess is it will be choppy at best over the near term, and at worst it will go higher. As always this wouldn't be the first time I'm wrong, anything could happen. My suggestion: Find a weaker stock to short if you are interested in having the wind at your back. Goodluck,