We can enter shorts in BAC at market, to diversify and avoid being 100% net long, and also, to fade this over loved and over owned stock's rally, as it moves back down to the triple key earnings support zone below.
I'd like to hold some shorts, since I expect the markets to chop sideways for the most part, and also to minimize my long exposure. This trade is fighting the recent trend and RgMov direction, so don't risk too big on it. Maximum of 0.5% is ok.
Good luck,
Ivan Labrie.
I'd like to hold some shorts, since I expect the markets to chop sideways for the most part, and also to minimize my long exposure. This trade is fighting the recent trend and RgMov direction, so don't risk too big on it. Maximum of 0.5% is ok.
Good luck,
Ivan Labrie.
Trade closed manually
Comment:
This can now break up as depicted here:
