Nice impulsive move lower following the break below the previously highlighted bear flag on USCR (U.S. Concrete Inc). Still an unofficial trade idea although I’ve added a price target (same as T1 on the previous short trade from late 2015). USCR was posted as an unofficial trade idea in the trading room (click here to view) about 2 weeks ago while bear flagging shortly after break down from the 2nd clean bearish rising wedge pattern in the last 5 months. The previous USCR short trade on that late 2015 wedge break hit the final target for a 22% gain & reversed shortly afterwards. Previous chart from 2 weeks ago followed by today’s updated daily chart below:
USCR Bear Flag Breakdown, Price Target
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