Bulls need to defend this to stay in the game. High risk trade
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Stock opened very weak going down almost 15% in the first hour of trading now up 11.3%. All intra day buyers would have made money. Too risky to carry longs. Take profit home
@kumardthakwani, Hi. Difficult for me to say that? My trading calls are generally short term (a few days). One day calls I struggle with. It seemed like a good point to counter attack the bears hence I put out the idea and it worked well - pls see above I also suggested to get out as overnight risk is very high on the name at the moment. Stock is too volatile to comment right now with any confidence.