Short
$SMH Short 112.70 to 110, 109, 108. [5.65x Risk/reward]
Updated
ATH is 114. I'm not expecting us to go there. AMD had it's run up already, SPX is looking slow (and like a Head and shoulder on the weekly). I'm better as a bearish trader which sucks in the kind of rally we've had from the bottom, but I've adapted by being more patient and precise with my entries and stop losses.
Short entry 112.70
Stoploss 113.15
Take profit:
Conservative 110
Target 109
Pushing it 108.
Short entry 112.70
Stoploss 113.15
Take profit:
Conservative 110
Target 109
Pushing it 108.
Trade closed manually
I was slightly early on this, great play though.Note
Considering we're at $98 currently* lol.
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