APOLLOTYRE Short idea
APOLLOTYRE has made a spinning-top (small body and long wicks) with very high volumes at a resistance. Stock was also making bearish divergence and has now closed below RSI 60. For a swing entry, short below spinning-top's low and place stop between open and close of the candle and target 2-3 times of the candle. For intraday, wait for a break below the swing low with momentum for a target till swing low of the day.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.