I haven't liked the stock on a fundamental basis but the technicals are starting to support a short trade. After that big spike on earnings (which was only strong due to exchange rates) last week, We are seeing the price drag lower accompanied by a momentum shift on the RSI. I expect this price to continue lower and lower. (but now I NEED a bounce to get in). I'm looking to get short at 127.00 for a target of 116.00. I'll place my stop at 132.80
Trade closed: target reached
banked, but I have a feeling I could have let it ride...Anyway 11 bucks banked.
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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.