AdamHong
Short

Has the WB Reached the Top?

NASDAQ:WB   WEIBO CORP - AMERICAN DEPOSITARY SHARE
42 0 1
The price of WB             has soared from 12 to 56 in eight months of 2016.Has it gotten to the top?
Yes,maybe it has in short term and reasons are as follows:
1.The price hit the inverse 2.618EXT;
2.The Cross Star of the week candle appeared at a high level;
3.The RSI has been divergent already and it is in the overbought zone.
So it is a good chance for opening short positions at 54 levels.
SL:above 56
TP1:38
TP2:27 and even more
Trade active: The market moves as expected.
Comment: The market is pulling back the 0.618RET,and it is another opportunity to sell again.
snapshot
Trade closed: stop reached
少则得,多则惑。
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