SHP - Covering Monday's Short Idea

٣٠ يونيو ٢٠٢٢

Original Idea Attached. Covering Short/Sell Idea from this past Monday (27 June). Share down 7.5% or -1600c over the 3-4 days, testing sub-19700c. Maybe there's more to go on the downside but it's always good to continuously be 'banking'. Also, it could be extended vs it's 8-EMA, so an ultra short term bounce is possible. Original short/sell at 24500c in April (share was on a 24 PE then vs a LT average of 18x) so it's been a sharp move lower over the medium term. Full target was 19300c but I'm happy for traders to take profits here (~19700c).