Can you please further explain your reasoning? I see it's trading below the MAs 20 & 40, but it's still above the 100 (which it bounced off of before the last run up). What are you seeing with the circles you plotted? Thanks!
WillSebastian
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@cbury10, Hey so we have now seen a huge fall, the reasoning for the short was because (were) at levels of resistance. We were also nearing those key MA's of the 20/40, which gives us great reason to short because price is getting higher.
cbury10
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@WillSebastian, Appreciate the thoughts. You were indeed right!
WillSebastian
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@cbury10, no problem at all and yes a further move down as predicted.