MSI: Motorola Solutions short

Strong resistance level on Monthly chart combined with a 88.60% Fibo retracement suggest a short from current position.

Will open a short position with SL at 107 and targeting a 50% retracement of a current movement, approximately 55 USD per share

Trade active:

Short position opened

Comment:

Keeping the short position

Comment:

88.60% violated. Unless a miracle happens this should go higher. Waiting for SL to be hit...

Trade closed: stop reached:

SL hit. Options for a double top or triangle may be considered but need further evolution on the price