Stock is near all time lows and probably will make new lows soon. Small chance it tries to test the upper trendline first, in which case I would stop out of the trade above 7.75.
Like CLSD, I would not short this outright, but buy the Jan19 12.5 puts.
Like CLSD, I would not short this outright, but buy the Jan19 12.5 puts.
Note
Wish I had a do-over on this one. I only have one contract, so I'll hold and accept defeat if it goes above recent highs (9.26).Trade closed: target reached
this worked out. Might go lower, but can't hurt to take profits near target support line.
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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.