Ack and Forth Herbalife Goes

To update a chart I posted on Stocktwits earlier this month, the multi-year timeframe for controversial company (and stock), Herbalife, seen below, is responding quite well to its 2012 prior lows (horizontal light blue line). 

And just as HLF responded to the the highs and saw swift rejection, despite massively bullish if not giddy sentiment poking fun at short-seller Bill Ackman (pictured above), price did indeed have memory and trump any notion of a short squeeze and any notion of sentiment at the time. 

Currently, HLF is in the midst of a multi-day squeeze, back up to its 200-day moving average and likely to pause this week. If the stock holds over $43 now I would consider it for a secondary buy point on the long side. 

Elsewhere, GILD may finally be ripe to break its 200-day moving average lower. More on this later if the weakness continues.