LL Lumber Liquidators Daily Chart Overbot Rising Wedge Negative Divergence

LL is an ongoing short trade entered as the previous top formed days ago. The trade was profitable but it is always the ones left on the table that then reverse. So LL comes back up to print another high on the joyous housing data and earnings this week. KBH earnings may buoy LL further this morning. However, the rising wedges, overbot conditions and negative divergence tell the same story, she should receive spanking at anytime. The red lines show the prior negative divergence creating the smack down days ago, but note the money flow and MACD line indicators that did want to see another high, so now they are satisfied, and the maroon lines show universal negative divergence now in place. If LL moves higher more shorts will be added. If LL pops today it may very well print its high. The weekly chart is negatively diverged as well. A spank down is expected at anytime in the days ahead. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.