If you want to have some edge in your portfolio, short this. Price is testing the broken support, happens to be an important one, and now is a strong resistance. There is a lot of resistance above, it needs more than a bounce to break it up. I already have a short position, is just a matter of days to price falls like a rock. Too many bearish patterns playing out. Every time it pulls back up is an opportunity to buy puts.
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Bought some puts: Expr 09/01 Strike 109
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Looks good, double top forming at the resistance is going to drop very fast if it confirms:
Trade closed manually
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Taking profits. I think it wants to test the resistance again:
New variant coming from canade and they mandating masks already, whats next is lockdowns and booster shots. Really dumb to think short is the option. We are goinf to covid season again. Bias should be strong bulls.
ArturoL
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@artursetkin, Looks like market doesn't care. Is dumping the stock. I'm not going to fight the trend.