Trade:
Entry: Short layered in between 56- 57, w/ stop loss at 61
Profit level 1: 47
Profit level 2 (Moonshot): 40
Levels of interest:
Short Reasons:
Entry: Short layered in between 56- 57, w/ stop loss at 61
Profit level 1: 47
Profit level 2 (Moonshot): 40
Levels of interest:
- Yearly open at 45
- Gaps at 46-48. (IMO high %)
- -Wouldn’t be surprised if it went to 43-36
Short Reasons:
- Weakess against indices
- Weekly char shows a RSI Bear divergance
- Signifciantly above average sell volume on the weekly.
- Just broke below the 30 week MA.
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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.