Short
Let's Short yet Another Collapsing SPAC
NGA has formed a strong downward channel identified with regression-based trending, and it has formed a hanging man at the top of the downward channel, suggesting an opportune time to short and catch the next leg down.
Note
Hanging man confirmed with down red candle. Let's see if the trend holds.Trade closed: stop reached
trailing stop reached.
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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.