Clear Opportunity to short an extremely overvalued Stock
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
Trade aktif
Initiated position yesterday at $242Trade aktif
will be monitoring closely as it approaches the 50-day MA supportTrading ditutup secara manual
Closed at $230 when it rebounded off the 50day EMA ($225)Catatan
may switch to Buy call instead
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