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BBTrader29
Jun 28, 2021 10:29 PM

PANW False Breakout Short

Description

PANW couldn't follow through breaking through resistance and closed red on the day forming a shooting star doji, representing a false breakout. This i expect to be a quick 1-2 day play, using intraweek put option to capture a downside move.
Comments
wesley_choi
it broke out, so you are wrong, you switch back and forth too much
BBTrader29
@wesley_choi, took multiple different trades. That’s what traders do. I only hold for 1-7 trading days. So this was correct trade because it pulled back completely to my target. I got out of this on July 1st after it hit my target
wesley_choi
sector is going up so i actually expect this to move up more
BBTrader29
@wesley_choi, shorted it to 370 then got out. Even said in my analysis it would be a quick 1-2 day short trade
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