So $213 is about it as far as I am concerned, the count (not shown this time but see previous blog) as well as the RSI and MACD have probable topped. There are options on this stock. This one should drop to about $170 is a few months and possible a lot further thereafter.

I have never even heard of this company but it counts pretty well simple because there are a number of clear patterns, a megaphone, a triangle and an irregular flat a-b-c. Also we are approaching the upper parallel trend-line and both the RSI and MACD are not confirming the new highs. The trick is to get the patterns in the correct order and in the proper degree, which I may or may not have done. This thing is so robust that even a few minor changes do not effect the outcome all that much. One more little wiggle is required but around $210 this is a sell! The first target would be at $135 or so, by coincidence also this years low.