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KozakHlib
Nov 5, 2020 12:25 PM

$KXIN is gonna fall today Short

Kaixin HoldingsNASDAQ

Description

Pupm&Dump trading strategy idea.

KXIN is rising without clear preconditions today.

The demand for shares of the company looks lower than the supply.

This and other conditions can cause a fall in the share price today.

So I opened a short position from $4,50;
stop-loss — $5,24;
take-profit — $3,76;

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Thanks for being with me!

Trade closed: stop reached

Comments
SugarMuffin
I agree with you, but I can't find any shares available to short.
KozakHlib
@SugarMuffin, they were available on 5 NOV at Fondexx.

Also, they are available at Fondexx now.
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