$UTHR In this bear market I am looking for a failure on the double top break-out. I know the RS line is strong and we have somewhat of a basing pattern, although wide and lose since April of 2021. Just thoughts. If history (of this stock) repeats you might want to consider a short if this fails near this double top. Low risk with stop just above ATH. I'll update if I take the trade, All TBD. Ideas, not investing / trading advice.
Trade active:
I've gone short 1/2 size as it pulls back from it's new ATH this morning. Stop just above today's high which gives me a low risk entry. Let's see if my contrarian view stands up. TBD
Trade closed manually:
Closed this out for a small loss. Will wait to see how it plays out. I think I jumped on it too soon. Thesis could be right or wrong. Need a few days to tell.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.