workingtraders
Short

Short idea for Sina($Sina)

NASDAQ:SINA   SINA CORP
193 4 3
1 more push and we will in a very overbought zone. A nice bearish resistance zone giving risk to reward in our favor. and a nice bearish harmonic pattern as formed!
started the $sina short at 76.05
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Stop is placed at 77.
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Taking off 1/3 of the position here 72.82
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Stopped out total profit + 2 dollars per share. Will try to reshort around 80 area.
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