FIRST POST ON TRADINGVIEW~~~ SEAS broke a major support line of $23.53 with a trending down pattern. I think there is a short opportunity. I calculated it might go to $17 by end of January 2019. Risk to Reward ratio is 1:4.
Heavy short float, looking for it to break above $31, entry just above 31.
Tight stop as this could go south quick, just under 30 - easy move to the 35 range.
Watch out below 28
+ Broke out early last week followed by 4 days of sideway price movement under descending volume
+ Trend Intensity has just recently turned neutral
+ Support from 5ema
- Earnings is in 3 weeks
Making this trade official thanks to my team at RealLife Trading. All credit goes to them for bringing to my attention.
My plan is to set a limit fill at $17 and hope I can get triggered in. I loosed the stop from 16.78 to 16.65 because I think alot of the recent bearish activity is due to a sick killer wale and my buy signal on the RSI still hasn't touched the...
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NYSE:SEAS
