MACD, volume, price action, RSI and a fall under moving average all indicate a potential bearish time period.
I *may* consider put options for the weekly next week or for sometime this month if the prices are attractive.
I am anticipating a spread and potential consolidation at the 30ish mark
NOTES:
I never ever short the market.
This idea can be looked at as a point to wait for new lows, rather than actually shorting the position.
Once it stabilizes, I am still long on WKHS, just short in the interim.
Seems that people take the 'short' ideas really personally if you post a short side idea on a stock they have a long position in, lol.
I *may* consider put options for the weekly next week or for sometime this month if the prices are attractive.
I am anticipating a spread and potential consolidation at the 30ish mark
NOTES:
I never ever short the market.
This idea can be looked at as a point to wait for new lows, rather than actually shorting the position.
Once it stabilizes, I am still long on WKHS, just short in the interim.
Seems that people take the 'short' ideas really personally if you post a short side idea on a stock they have a long position in, lol.
Note
WOWI was not wrong on this one ha? More trouble in the markets in coming days. Dont be quick to put money in, this may be a bad 1-2 weeks. Slowly layer in your positions.
As for WKHS, If it breaks under 15, it will be a disaster. I may get the $10 put options on a speculative basis.
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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.