Monthly chart showing exhaustion. But this is just a quick trade for about $1.50.
Comment:
After 5 days, no change. But chart still looks good. I'll give it two more days to reach 85.5 level.
Comment:
Okay, two days is up and still holding. My Stop is 87.41. My Target is 85.5. Whichever gets hit first wins.
Comment:
Covered half at my 85.5 target. Waiting a little bit longer (still needs to fill the gap) to cover the rest.
Comment:
Covered the rest on Friday at the gap-fill price mentioned. Stock is going to be falling further very soon. Looking to get short again a little higher.
Trade closed: target reached:
I never got back in this... fortunately.