MAGNIT bearish swing to $4570
Updated
One of the limits for the year has been triggered by this stock so I am short the stock. I typically close stocks based on weekly close so a weekly close above $5900 is my reason to close and potentially switch sides. This trade will be held for weeks once it goes into profit.
I got filled at 5362.50 with a SL of $5900 with a target of $4570
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
I got filled at 5362.50 with a SL of $5900 with a target of $4570
This is for entertainment purposes only.
Trading come with risk and you should consult a financial advisor for financial advice.
Trade active
Note
If any of you are in this trade this will be the best time to cover. This is a long term trade so I will commit to the SL mentioned above unless I see a reason to cut early.Trade closed manually
Closing this $400 per share profit trade. 3 massive bearish weeks typically results in a bullish correction which I prefer not to ride. Amazing trade this was. Happy hunting.
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