is in the middle of a descending channel
that began one year ago. Last week, the price reached the channel's resistance and it has not been able to break the resistance, this could be a good oportunity to sell short the stock and bet on the continuity of the channel. The downwards movement is confirmed by the Stochastic RSI
, this indicates an overbought condition in the last days. The MACD
shows a clear negative divergence. The final target of the investment would be when the price reaches the inferior limit of the channel. As a recommendation, watch carefully the support level
on $45.8, this creates a first target.