ABN - shorting the news cycle
Updated
ABNWe completed a very nice 2 day bull run yesterday based on the Pfizer vaccin news. Such volatile runs based on short term news are often short lived as fundamentals regarding covid have not really changed and true industry rotation is far away. After two straight days of gains I sold yesterday afternoon.
This morning I shorted ABN to 8.3, now looking to see if the bottom support holds or if we are retracing all the way back to re-test 7.92. Not decided yet if I should short, probably will go short as we go down and only for short and small ammounts to minimize risk.
Looking to re enter when we find a clear support and start to move back up.
Good luck trading!
Trade closed: target reached
worked out well
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