I trade charts not fundamentals, this thing had ugly earnings and a Trump rumor of approval of cholesterol-lowering treatment drug make this run 300% in past 2 months. 30.5s is the big resistance, RSI peaking 80 3 times, this thing will correct soon.
short 30.5, stop 31.5, don't marry it, it was breaking higher 2 times already, this thing was holding 9 EMA really well. so our first take profit will be there 9 EMA, or 26s whatever occurs first, and then 21.75s. is really a good r/r opportunity.
short 30.5, stop 31.5, don't marry it, it was breaking higher 2 times already, this thing was holding 9 EMA really well. so our first take profit will be there 9 EMA, or 26s whatever occurs first, and then 21.75s. is really a good r/r opportunity.
Trade closed manually:
i took the loss at 31.6s, until a trend change confirmation i will not short it.