Clear Opportunity to short an extremely overvalued Stock

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MACD has just crossed and reversed on the day chart. Stochastics also reveal in overbought conditions. Movement is to the downside now. Expect it to drop to around $180-$200 range near the 200 day moving average. Stock is extremely overpriced at more than 100x PE

٢٥ يونيو ٢٠١٩

تم فتح الصفقة

Initiated position yesterday at $242

٢٦ يونيو ٢٠١٩

تم فتح الصفقة

will be monitoring closely as it approaches the 50-day MA support

٢٧ يونيو ٢٠١٩

تم إغلاق الصفقة يدويًا

Closed at $230 when it rebounded off the 50day EMA ($225)

٢٧ يونيو ٢٠١٩

ملاحظة

may switch to Buy call instead