The chart speaks for itself. 100sma has been held and tested multiple times.
RSI has not gone below 35 RSI.
Giving it a little wiggle room makes sense to avoid getting stopped out. The ATR (average true range) is 2 points. So a stop below $127 could potentially provide enough room.
Trade closed: stop reached
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Stopped out.
Re-purchasing if we go over the 100sma again soon.
Comment
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Short-term bearish scenario in play as we test 100sma; now working as resistance