I snagged this company randomly as I smashed letters on my key-bored. I have not googled this company and know nothing fundamentally. I am breaking it down. I see the short opportunity, a simple trend continuation. Strong rejection from the 55,200 EMAs. I see MACD as a continuation confirmation. I would be looking to get out at the first sign of support. Ideally the current dip, if price retraces to about $27.33 and then a short from there to the mid - $25's. 1% risk 2:1 RR - Happy Trading
Trade closed: target reached
WoW! that one happened much sooner than I thought it would. The power of technicals! -Happy Trading!
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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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.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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.