ST.NYS_Bearish Pullback Trade_Short

NYSE:ST   Sensata Technologies Holding plc
ENTRY: 46.75
SL: 50.12
TP: 42.57

- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Downtrending stock.
- EMAs are aligned.
- Stoch RSI crossing down 70 from overbought area.
- Range contraction below 10EMA and 20EMA from 6 Apr 2022.
- Price pulled back to 20EMA before being rejected there and also the downtrend-line from 20 Apr 2022.
- >3% bounce from 10EMA.
- Breakdown today with high volume despite earnings result.
Trade closed: stop reached: Hit adjusted SL: 45.70

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