Alexey_Malorodov

BIG Lots seems to go down..

Short
Alexey_Malorodov Updated   
NYSE:BIG   Big Lots, Inc.
BIG
Obviously, the instrument was driven under the mirror level of 26.15 and now it is in the "box" between 25.03 and 26.15. Since the last bar from 21.02.2020 closed down and did not form an up-jamming under the resistance level, we can assume that we see the short player's actions. But in any case, we can start to sell only after leaving the channel downwards. In this case, we will have a nice flight down to 22.9 in the clear zone. Most likely, we will.
No matter whether you take my ideas into account or not, you should trade only at your own risk-on-trade and from your own MM-strategy.
And don't forget to use SL-orders.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.