TradingView
NAK1987
Jan 14, 2021 11:12 PM

GH , Short  Short

Guardant Health, Inc.NASDAQ

Description

This is a technical based short.

Reasons for entry :

-RSI overbought - 74.87 and we see a reversal
-Trading above avg target price $141.67
-Within 5% of 52 Week high .

Profit targets achieved using Fibonacci re-tracement, I like 0.618 level, it looks good with the blue prior resistance trend line (which is now the support should we continue it up the chart) .

Good Luck ~
More