ApolloHosp - Wait for weakness and short
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A few days ago I had posted on TV to long ApolloHosp and the stock has played out as expected.
Now, ApolloHosp looks seriously overextended and also a good opportunity to short in the near future.
Not sure what exactly is driving this up like this, but wait for weakness before going short on this.
Wait for a red candle day and then you can think of playing it on the short side. Till then, trying to short this would be like coming in front of a fast-moving train.
Probably, many retailer traders would get caught in this move.
If you are long, then I would recommend taking partial profits at least.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“You never know what kind of setup [the] market will present to you, your objective should be to find [an] opportunity where risk-reward ratio is best.” - Jaymin Shah
Before you start reading kindly hit that like button. It motivates me to keep doing such work for free.
Thanks
A few days ago I had posted on TV to long ApolloHosp and the stock has played out as expected.
Now, ApolloHosp looks seriously overextended and also a good opportunity to short in the near future.
Not sure what exactly is driving this up like this, but wait for weakness before going short on this.
Wait for a red candle day and then you can think of playing it on the short side. Till then, trying to short this would be like coming in front of a fast-moving train.
Probably, many retailer traders would get caught in this move.
If you are long, then I would recommend taking partial profits at least.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“You never know what kind of setup [the] market will present to you, your objective should be to find [an] opportunity where risk-reward ratio is best.” - Jaymin Shah
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