The trading range here is clear as day as multiChoice becomes range-bound and pretty much stuck between two levels. I personally cannot see what drivers there are that could possibly push this stock higher. Looking at the Stochastic RSI, it indicates that the current rally is a weak one so I'll be looking to short this bounce. The Rules are pretty simple when trading a "range". Sell the top and buy the bottom. Your stop-loss is a breach of the range. So that's what I'll be looking to do.
Trade closed: target reached
just like that...
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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.