Short Oppertunity Deer and CO (Short term)
Updated
Fundamentals
- Earnings decreased.
- Outlook is negative.
- 243 is based on earnings. Thats exactly (Book + Cash) / EPS = 10.
if you do the math the price would be 306 target when the next earnings outlook will be negative.
Technical/ entry strategy
- There is no real technical motive but. There is a 2 Y Low which has been tested.
Broke but rebounded.
I would wait for the entry of the position when
the 10 MA is met and bounced off and broke under the 340 levels.
- Earnings decreased.
- Outlook is negative.
- 243 is based on earnings. Thats exactly (Book + Cash) / EPS = 10.
if you do the math the price would be 306 target when the next earnings outlook will be negative.
Technical/ entry strategy
- There is no real technical motive but. There is a 2 Y Low which has been tested.
Broke but rebounded.
I would wait for the entry of the position when
the 10 MA is met and bounced off and broke under the 340 levels.
Trade closed manually
- Clossed after fed pivot. 
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