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damdaman
Oct 7, 2014 5:27 PM

CP down to 200 if 210 breaks decisively Short

Canadian Pacific Kansas City LimitedNYSE

Description

I've been short since 214. When I initiated the trade I targeted 210 as the key level in the short term to break, and sure enough it is stalling there today. A decisive break below 210 could easily send it back to 200. If 210 holds and the broader market turns up, back to 220 is likely.
Comments
damdaman
That actually happened faster than I expected... I suspect there could be more long-term downside here, but it has been in a strong uptrend and I decided to exit at 203, as I was looking for a short-term swing trade, not a long-term short.
damdaman
Sure wish I'd stayed in. :)
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