WST: Outrageous valuation, Time at mode signals a top is in plac
We can short 
WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share.
Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once it pops it'll get ugly, and fast.
Good luck,
Ivan Labrie.
WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share.Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once it pops it'll get ugly, and fast.
Good luck,
Ivan Labrie.
Trade closed manually
Note
It turned down again near the end of the day, I'll reenter if we break under the previous 3 day's range.Note
How about that? Seems like that was the top.Note
That WAS the top.It could break down here, but I'm flat now.
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linktr.ee/ivanlabrie
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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.