Bad ER reception on 24th of September.
Stock gapped down.
Expecting a drift down in the next 1-2 weeks as
longs cover and funds unload their positions.
Stock is also currently not making new highs
and trading below its 50 day SMA
Stock gapped down.
Expecting a drift down in the next 1-2 weeks as
longs cover and funds unload their positions.
Stock is also currently not making new highs
and trading below its 50 day SMA
Comment:
My trading strategy has evolved since this. Even if i made some money with this trade i would never short a stock that's in a uptrend.