Here there is a rising wedge on the 15 minute chart Could see a short term down trend. If below the red line I will be holding 11 strike put. My stop is as defined.
The market is undoubtedly in a raging up trend, therefore, I usually have many long positions open. Sometimes I will short weak stocks to protect my long exposure. NYSE:F seems like an ideal candidate here after that engulfing candle at resistance. Try to get a good risk to reward entry. Stop loss above $7.45, target near $7.10.
