Buy $ | Sell $ | Short $ | Cover $ | Stop Loss $ | Profit / Losses | Duration |
|
| 382.50 |
| 392.20 |
|
|
Reason for Buy / Sell / Short / Cover:
- Daily chart show that price has gapped up even before earning announcement, but after announcement, price is not advancing but instead slipping downward.
- Price did come back up to test the previous top, but kept failing.
- Intraday chart show that it is inside a consolidation phase.
Lesson Learnt:
- Market indexes are weak at this point. AAPL stock also got hit.
- All secondary indicators are daily chart are shouting for SHORT.
- It still has a support at daily 20MA line.
- This stock is hard to Short, very similar to AAPL stock.
- Monthly chart shows that volume has dropped very heavily.
No comments:
Post a Comment