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NAK1987
Jan 13, 2021 8:27 PM

GH, Technical short  Short

Guardant Health, Inc.NASDAQ

Description

RSI, Volume and Chart support an entry . However, we do not have a proper sell signal on MACD , which I normally do not use but decided to add it on for this idea . I still think the risk is acceptable to enter with a small position ( just over 1% of account ).
Target is 0.618 fib level.

Looking at the fundamental metrics I also don't see anything too alarming so I will try to take advantage of a smaller price movement here only .

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