Wide earnings gap from Briefing.com gapper list. The first chart is the daily and it highlights significant support at $40.00.
The second chart is 15 min. and we can see a perfect bear flag on declining volume which carves out a lower high.
I shorted the bear flag break using the 5 minute to narrow the size of the stop. I liked how the down sloping 20 EMA acted as resistance. Price reversed shortly after taking out the target so I covered the balance.
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