This stock is at risk of falling over.


1) Weak industry.

2) Overvalued.

3) Negative earning growth.

4) False upside breakout and bearish Background in the weekly.

5) May break below many Memory supports in the daily today (snapshots as of ~12:30 PM EST).

6) Relative Performance is feeble.

7) A series of extreme Bearish Pressure days accompanied the false upside breakout.

s 1 2020-02-10_12-29-35.jpg  s 2 2020-02-10_12-30-08.jpg  s 3 2020-02-10_12-29-58.jpg 
At the end of the day on 10th Feb, $SRCL crawled back above/at the Memory support.

Looking at that, CUE traders would avoid initiating a short position.

s 1 2020-02-11_11-47-11.jpg 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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