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toobig4u
Jun 28, 2020 10:20 PM

Bearish Bet Short

Description

The company behind Victoria's Secret and Bath & Body Works is headed back down and may get to the March lows.

There is good support at $10, but that is a good 30% lower than current prices. MACD is on a sell signal and money flow just turned bearish; the Relative Strength Index (RSI) slope is down and steep.

If short, put in a stop at $18 but ride it down.
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