Churchill Downs even with good news, is in a time to short CHDN
Updated
All the news looks positive here
-BUT-
Looking at the charts, even with the recent split, it all shows sell short.
If you are in this stock long, it is time to sell now, and rebuy maybe in a few months.
I am shorting CHDN right now, as it seems to hit its peak on the trend line, and I have 4 targets laid out for those that want to hold on longer than others
I believe it could hit all 4 targets especially with people starting to watch their money at this time, until we hit the March Madness season and the actual Kentucky Derby race in May.
Thoughts?
-BUT-
Looking at the charts, even with the recent split, it all shows sell short.
If you are in this stock long, it is time to sell now, and rebuy maybe in a few months.
I am shorting CHDN right now, as it seems to hit its peak on the trend line, and I have 4 targets laid out for those that want to hold on longer than others
I believe it could hit all 4 targets especially with people starting to watch their money at this time, until we hit the March Madness season and the actual Kentucky Derby race in May.
Thoughts?
Trade closed: stop reached
Not enough sell offAccidentally placed a limit order instead of a stop/limit and it immediately filled
Done with this company for now, was trying to place stop/limit at $95.95 but oops, sold at/around $93.40 for a small loss
Moving on
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.