This is a technical based short.
Reasons for entry :
-RSI overbought - 74.87 and we see a reversal
-Trading above avg target price $141.67
-Within 5% of 52 Week high .
Profit targets achieved using Fibonacci re-tracement, I like 0.618 level, it looks good with the blue prior resistance trend line (which is now the support should we continue it up the chart) .
Good Luck ~
Reasons for entry :
-RSI overbought - 74.87 and we see a reversal
-Trading above avg target price $141.67
-Within 5% of 52 Week high .
Profit targets achieved using Fibonacci re-tracement, I like 0.618 level, it looks good with the blue prior resistance trend line (which is now the support should we continue it up the chart) .
Good Luck ~
艾力克~
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.
艾力克~
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.