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APOLLOTYRE Short idea

Oleh vvek_nishu
APOLLOTYRE has made a spinning-top (small body and long wicks) with very high volumes at a resistance. Stock was also making bearish divergence and has now closed below RSI 60. For a swing entry, short below spinning-top's low and place stop between open and close of the candle and target 2-3 times of the candle. For intraday, wait for a break below the swing low with momentum for a target till swing low of the day.
Candlestick AnalysisSupport and ResistanceTrend Analysis
vvek_nishu

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