Kinda like a play on the Fitz bits stocks you saw on TV

PACW - the fifth reverse horseman

As we can see this stock looks like something you’d see when standing on top of a mountain looking down. The stock is well below the 50 and 200 day averages and is also at the bottom of it’s band. Looking at the patterns this stock has followed we can see on this chart alone 9 times the bottom band has been reached or breached followed by a move to the top of the band which has been met with increased selling every time.

That sets this trade up for a short entry around 20.60 (top end of the band) followed with a stop out at 21.98 which is the 50 day leaving you with only 1.38 on the downside and plenty of room on the upside as it goes down.

Short live the reverse horseman