Short entry stop limit order at $45.2 with hard stop loss at $49.35
The industry is setting up for both longs and shorts with a few names setting up short on the weekly timeframe at spots where I like taking shorts. If this one works, I will be adding another couple of names that are setting up.
I will update with first profit target as the trade develops, if my stop limit at $45.2 get hit.
Happy trading fellow traders.
I am momentumftw, trader of international equities