A fantastic number of bearish signals in this stock today.
1) Bearish Headwinds.
2) False Upside Breakout.
3) Bearish Flow.
4) Bearish Release.
5) Memory Breakout.
6) Bearish Pressure.
8) At Pendulum High.
There is Memory support nearby (9) - you may watch if that breaks - that will be even more bearish.
I first shared about $TER on 11th July. I had taken a bearish position using Put options and closed most of that with a decent profit when the stock hit Memory support.
I had mentioned to Graduates Club members in the webinar that I was holding a minimal position in the stock. I kept only so few lots so that even if they become zero, I would not make a loss in the entire trade.
I was watching TER as I held a position.
After earnings, it went up. And today it fell sharply.
Do you remember my post from $HTLD? I shorted it successfully when around earnings, the CUE charts gave bearish signals.
I saw a similar situation at $TER today. There is Memory support in the daily. If that is broken, then that may make a case for shorting the top.