JCI - Short Sell with a R/R more than 3
Having not broken $82,
JCI
turned back to $67 zone, and broke it. It seems that
JCI
is modeling the previous downtrend move, mentioned as AB on the chart. That being said, the PRZ and TRZ of the downtrend are $55 (in the short term and $45 in the mid-term) till the end of April (for the short term and the end of June for the longer time horizon). Trigger of the Sell is already activated and the stop loss for the mentioned short sell position will be above the $67.8 zone, which now is expected to act as a resistance for
JCI
.
JCI
turned back to $67 zone, and broke it. It seems that
JCI
is modeling the previous downtrend move, mentioned as AB on the chart. That being said, the PRZ and TRZ of the downtrend are $55 (in the short term and $45 in the mid-term) till the end of April (for the short term and the end of June for the longer time horizon). Trigger of the Sell is already activated and the stop loss for the mentioned short sell position will be above the $67.8 zone, which now is expected to act as a resistance for
JCI
.