Short Opportunity

Well, this thing got lucky today the market was up. I will give it another day, if it can't close above the support, I will sell it for a target if $52.80 ~ $53

Trade active

Went short at $57.80, earnings report is in two days though.

Note

Earnings are out and despite beating the estimates, stock went down pre-market. This means that many people tried to sell the news and the stock has lost the footing at this level.

Note

still going down. I am planning to close 75% of the short position and reverse the other 25% if the price gets to the support level (long 25% of the position). lets see.

Note

It has held $53.90 twice, I might consider getting out depending on today's close.

Trade closed manually

Alright, this is a late update, after the doji on 24th, I closed the trade manually on the open of 25th.

mrezaei

Related publications

Possible move for CI

by mrezaei

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.