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motleifaul
Mar 21, 2024 6:42 PM

Resistance Short

SolarEdge Technologies, Inc.NASDAQ

Description

After the short from March 7th until March 20th we saw a rebounce. It has reached more than 50 % retracement now and I think that it is worth to play the downside again.

Comment

I am taking the profit and turning the position into long as 67 seem to be a good support. If it holds as it looks like there is more room for an upward correction.

Trade active

long now!

Trade closed: target reached

I am taking a part of the profit accrued now and leave the remaining position long in the market.

Trade active

Still long.

Trade closed: target reached

I am taking another part of the profit but will still hold some more of the long position.

Comment

Still long!

Trade closed: target reached

I am closing the long position now finally and take the good profit.

Comment

Both sides long and short were worth to be traded and gave profit this time.
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