TREX
TREX Easy Low Risk ShortThis stock price feels manipulated, as if it was marked up purposefully.
The way they just blew thru 1.236 retrace with no problem and they popped through a resistance level (where to be fair, the stock did hesitate & sell off, pop over and throwback retest held). But now the price has literally terminated into a extremely well defined bearish rising wedge.
The TA risk reward says DOWN with little upside risk.
$TREX Short Into Earnings After The ClosePurely speculation based on bearish divergences and past earning's selloffs about $10.00 down if missing expectations. I bought one TREX 11/15 exp $80 strike put option looking for a nice move down. Spending $148 to make several times that if I'm right. Goodluck and as always do your own due diligence.