GOODRX Multiple Plays, Short and Long
Loving the setup I am seeing right now for potential short and long positions on GDRX coming into key support market structure around 36.84.
Here is my thinking:
Depending on the coming price action, you could either:
Long the support reversal and exit somewhere before the 43.50 resistance depending on how greedy you want to be.
Short the support breakdown and look to take profits before the historical support around 33.64.
I won't include specific entry and exit points here, but if you want to chat feel free to send me a message :)
Here is my thinking:
- Strong downtrend since Feb. 11
- Downtrend broken with move on March 09/10
- Key range resistance established at 43.50 (formerly support)
- Retracement move to recent and historical support level around 36.84
Depending on the coming price action, you could either:
Long the support reversal and exit somewhere before the 43.50 resistance depending on how greedy you want to be.
Short the support breakdown and look to take profits before the historical support around 33.64.
I won't include specific entry and exit points here, but if you want to chat feel free to send me a message :)
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