SWBI Looking to break a support area. I will be looking to short this one on a break below the $13 area with a stop just above the blue support / resistance area. Next logical support area is down in the high $8.xx range which represents over a 30% decline. See notes on Chart. Lots of reasons this stock could tumble, fundamentals include slowing EPS and sales along with the ever-present regulatory issues. Ideas, not investing / trading advice. If you take a trade like this, make it your own. This idea inspired by a post from Yogigolf here on TradingView.
تم فتح الصفقة
Short 1/3 size position @ 12.87 - Stop just above May 2022 support / resistance zone.أغلقت الصفقة: تم الوصول لوقف الخسارة
Ran a very tight leash on this one, gave it some room yesterday but it's just not doing what I want so closed @ 13.31 for small loss of .44 a share or 3.4%. Still on watch list.
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 am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
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 am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.