Update of short position started September 28 at $92.70 at a failed break of resistance in a long term flag. Shorted 1000 shares with 5x leverage.
Closed half, 500 shares at $77 for a profit of ~$39,000, ~84%.
Short 500 shares remaining, stop loss at $84.
Looking for continuation to $65.
Closed half, 500 shares at $77 for a profit of ~$39,000, ~84%.
Short 500 shares remaining, stop loss at $84.
Looking for continuation to $65.
Comment:
Stop loss moved down to $75. Target remains $65.