UTHR In this bear market I am looking for a failure on the double top break-out. I know the RS line is strong and we have somewhat of a basing pattern, although wide and lose since April of 2021. Just thoughts. If history (of this stock) repeats you might want to consider a short if this fails near this double top. Low risk with stop just above ATH. I'll update if I take the trade, All TBD. Ideas, not investing / trading advice.Trade active
I've gone short 1/2 size as it pulls back from it's new ATH this morning. Stop just above today's high which gives me a low risk entry. Let's see if my contrarian view stands up. TBDTrade closed manually
Closed this out for a small loss. Will wait to see how it plays out. I think I jumped on it too soon. Thesis could be right or wrong. Need a few days to tell.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.