WIFI Possible Profit Taking
Updated
HUGE gap on Friday. Expecting some profit taking on a 25% gain in one day. Will look to go short if the 1.382% fib level acts as a resistance. Previous bullish actions with WIFI have resulted in decent pull backs before moving higher.
If I enter, my stop loss will be set at $20.
If I enter, my stop loss will be set at $20.
Trade active
Went short 300 shares at $19.01 with a minimum target of $18. Stop loss is set to $19.55.Trade closed manually
Got out of the trade at $18.70 due to the downside looking weaker than upside. Turned out to be a smart move.
Disclaimer
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.