Toll Brothers Short
Here is an opportunity to short Toll Brothers, Toll Brothers is a luxury homebuilding company set to fall apart in our crumbling economy caused by the pandemic. This is an opportunity to short the company during these temporary choppy times. My strategy is to build my position $500 at a time. The put I will be buying has a strike price of $35 and expires 12/18.
Technicals also support the decline. You can see in the chart that the red cloud above the most recent candles is growing as this is an indicator of bears getting stronger. Theres also multiple sell signals on the Bollinger bands, while the MACD shows a history of bulls getting beat by the bears.
Technicals also support the decline. You can see in the chart that the red cloud above the most recent candles is growing as this is an indicator of bears getting stronger. Theres also multiple sell signals on the Bollinger bands, while the MACD shows a history of bulls getting beat by the bears.
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