Today we look at SPORTSMANS WAREHOUSE HLDGS INC. what's on the chart:
1. Level 13.23, formed by stopping long movement. It is also the same one where the rollback occurred. 2. The level is strong, confirmed by several false breakouts. 3. September 04, after a false breakout paper did not go up, could not get a hold of the long zone. 4. Then retest and a day later - another retest level. 5. Take a look on the closing of yesterday's trading session. Almost at low.
Today I will look for the point of entry to the shorts according to my trading strategy.