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simplenothing
Aug 23, 2018 12:39 AM

AN Short Short

AutoNation, Inc.NYSE

Description

Looking for a little support at Target-1 area. But I think within the next 40 days, it should also drop to the lower Target-2 area.

Initial stop is above the diagonal trend line.

Comment

Hit first target. I am out now, but may revisit again above 46 as it hits trendline resistance and subsequently resumes downtrend to 42-ish (Target 2).

Trade closed: target reached

I still like this stock as a future short, but I'll just post a new chart when/if that time comes.
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