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KozakHlib
Dec 8, 2020 1:32 PM

$RGLS is gonna fall today Short

Regulus Therapeutics Inc.NASDAQ

Description

Pupm&Dump trading strategy idea.

RGLS is rising without clear preconditions today.

The demand for shares of the company looks lower than the supply.

This and other conditions can cause a fall in the share price today.

So I opened a short position from $0,95;
stop-loss — $1,08;
take-profit — $0,92;

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Thanks for being with me!

Comment

take-profit is on 0,82, like on the chart

Trade closed: stop reached

Comments
ImpulsivityIsDestructive
This is a junk stock. And you shouldn't be encouraging pump and dumps (illegal stock market manipulation. screenshot taken, in case you remove this post). There is plenty of money to be made legitimately on the stock market.

RGLS: ROA, ROE, ROI: awful
Debt to Eq: 1.74 (awful)
track record: has been declining since 2015
RSI: OVERBOUGHT 77.31
KozakHlib
@ImpulsivityIsDestructive, if you think my trades are illegal -- prove it.
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