Reason: Stock will be in sideways due to no further upside move as current upmove has already exhausted. Simultaneously, Short selling wont take place soon as stock has to correct in time manner.
Timeframe : No progress at least till August 2016. Range of $50-$56
Timeframe : No progress at least till August 2016. Range of $50-$56
Trading ditutup: target tercapai:
Profit booked with majority of position. Very small quantity kept on table for further downside move.
Trading ditutup: target tercapai:
Remaining short side position closed and booked full profit.