KBR plunged down on earnings, and quickly recovered to its ~15.65 resistance level. It is showing a lot of long wicks at this level on decreasing volume, and the 15 minute chart shows further bearish signs.
A short entry into this position with a price target at the 14.74 resistance level could yield positive gains when combined with an options play.
A short entry into this position with a price target at the 14.74 resistance level could yield positive gains when combined with an options play.
Trade closed manually:
Double bottom on resistance scared me out. Took my profits off the table.