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Teabo
Mar 24, 2021 12:23 AM

AXON broke support, pain ahead? 

Axon Enterprise, Inc.NASDAQ

Description

After a pretty bearish H&S signal being formed the last few months, and a slight bounce around support and resistance bands, all AXON needed was a little kick and it's fallen through support. Entering a short position on this after it breaks 138 for sure (could rally briefly) and ride it down to 120ish before buying back. Not much to stop a drop down from 138 to 120ish.

Trade active

Taken up short position. Would stop out if it comes back up through 140 and waiting for this to hit 120 before covering.

Trade closed manually

Stopped out at 140.
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