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UnknownUnicorn30271326
Feb 14, 2022 9:04 PM

ASAN - Double Top Short

Asana, Inc.NYSE

Description

Price has twice bounced off resistance at around $70 forming a double top patten. This signifies a reversal of the prior uptrend and we could see downside unto at least $61 before price finds significant support. MACD also indicates an impending drop in price. Look to enter a short position at market open tomorrow. PT#1 is $61 and PT#2 is 50; place a stop loss just above entry at about $71. This position could pay especially if the broader market drops over fears of a brewing war.
Comments
monkeyCmonkeyDO
nice play. worked just as you said
nycityguy2000
I agree! I bought the 55 puts
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