paintek

Leidos short idea - 200MA and Fibonacci

Short
paintek Updated   
NYSE:LDOS   Leidos Holdings, Inc.
LDOS bounced back from 200MA. RSI and Stochastic RSI are in the overbought area. I am expecting a bearish reversal here on the D1 chart.

Entry strategy: wait for a bearish confirmation candle which cross below 61.27


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Order cancelled:
Price didn't close below entry level. Trade cancelled.

Note: thanks to the entry strategy we didn't open a loosing trade.

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