I snagged this company randomly as I smashed letters on my key-bored. I have not googled this company and know nothing fundamentally. I am breaking it down. I see the short opportunity, a simple trend continuation. Strong rejection from the 55,200 EMAs. I see MACD as a continuation confirmation. I would be looking to get out at the first sign of support. Ideally the current dip, if price retraces to about $27.33 and then a short from there to the mid - $25's. 1% risk 2:1 RR - Happy Trading
Trade closed: target reached:
WoW! that one happened much sooner than I thought it would. The power of technicals! -Happy Trading!
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.