Alex_Quiroga
Short

Dow drops 1,175 points :( #15 CSTE)

NASDAQ:CSTE   CAESARSTONE LTD - ORDINARY SHARES
This is a more clear example for going short in a bear trend in progress because here the support was broken several weeks ago (Major Support 26.50).
But got lost the ideal entry price that was around 25.00 and now you need to wait for the next retracement close to red line of the moving averages.
Around the 23.20 in the dashed line area, if happens.
This kind of idea need to be monitored daily because, I put the idea from a weekly perspective and is necessary to wait for some retracement for a better entry price

As soon as I heard that they were keeping the CFO recently I knew it wasn't gonna make that inverse head and shoulders. So sad that they did that to the investors
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