$PI can fall in the next days
Updated
Contextual immersion trading strategy idea.
Impinj, Inc. operates a platform that enables wireless connectivity to various everyday items to business and consumer applications.
The share price fell after bad earnings.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $22,91;
stop-loss — $24,44.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Impinj, Inc. operates a platform that enables wireless connectivity to various everyday items to business and consumer applications.
The share price fell after bad earnings.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $22,91;
stop-loss — $24,44.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trade closed manually
$23,57
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