Price broke out in 2017 and is currently testing its high levels after the rally up!
The stock is very volatile and It seems there is some weakness in the momentum it once carried.
I'm going ahead to short this; let's see if the volatility plays out in my favor towards the downside.
Sorry, I'm just a contrarian.
Stop at 17.37
Target at 15.72
The stock is very volatile and It seems there is some weakness in the momentum it once carried.
I'm going ahead to short this; let's see if the volatility plays out in my favor towards the downside.
Sorry, I'm just a contrarian.
Stop at 17.37
Target at 15.72
Trade closed: target reached
Another, 1 trading day conversion. However, this was over the weekend. Price action this week can call for a more sustained downtrend or maybe a continuation of the upward push.I'm just watching and waiting here, but for now I am pleased; let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.