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vf_investment
Apr 13, 2023 2:56 PM

INFN - Short Position Short

Infinera CorporationNASDAQ

Description

INFN has a strong resistance as it has tested it 4 times in the past 3 months.

We are expecting that the price will retest the support again and we are expecting it to fail this time.
Enter the short position when (and only if) the price breaks the support.
Moreover, you can enter the short position when the price retests the support and confirms it as a resistance.
Stop loss and target are shown on the chart.

Trade active

on the way down

Trade closed: target reached

Target reached
Comments
LegionQ8
Very detailed infinera corporation overview, thanks pal
WalterMoon
Very nice work, I also have the same opinion
KABHI_FOREX_TRADING
Perfect analysis, on the way to take profit
CryptoCheck-
Great setup thanks
ceciliones
nice trade plane
DeGRAM
Thank you. Great job.
Leo-btm
nice one here
ProjectSyndicate
yeah, looks overbought recently, this might work
Gold-Tech
Thanks, keep up the good work) Love your analysis
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