Looking at the last price drop and current support/resistance levels I do not expect the price to go down below 185? so you may tune your SL to wait until the price go up again.
There are two entrance points: now at 210 and at 200, which is the round number and support level as well.
There are two entrance points: now at 210 and at 200, which is the round number and support level as well.
Trade closed: target reached:
That was perfect chat, whoever followed should make some profit and whoever decided to short now making money on a local downtrend.
But in general I don't like the idea of shorting stocks, so in the current case, I would wait until the price to go down to 220 and then re-enter the stock at 200 if the price will go down to that level. The target would be 250, but for safety, TP can be set little bit below, 247-249
But in general I don't like the idea of shorting stocks, so in the current case, I would wait until the price to go down to 220 and then re-enter the stock at 200 if the price will go down to that level. The target would be 250, but for safety, TP can be set little bit below, 247-249