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MattArmstrong
Feb 28, 2019 4:09 AM

GETTY REALTY CORP - SHORT IDEA Short

Getty Realty CorporationNYSE

Description

So I was randomly trolling charts to practice technicals, I stumbled upon this company. I know absolutely nothing of the company or what it does...although using sleuthery I can assume Real Estate. I started running trendlines, fibs, and a top down approach. Looking at the Monthly: there is a huge "shooting star" candle. Weekly: a bearish engulfing setup , Id be looking for a tight move here. I would want price to come back up to 61.8% fib of the current push down, the rest is laid out in the post. 1-2% risk 2:1 RR - Happy Trading.

Comment

keep on keepin' on.
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