I shorted KTOS yesterday. 1D price closed below DC20 twice and daily MA50 is now crossing MA200.
TP above 1W MA200 which is currently above 11.66 SL if daily closes above daily MA50 and MA200 and DC200. Currently above 19.98. Looks to be a good probability trade.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose. etoro.com/people/drgorogbalazs
I think after today’s drop, possible move up, buy Call options?
drgorogbalazs
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@TraderPoint, hi, thank you for the comment. It depends on the time horizon. Short term - intraday today - there may be a likelihood of some bounce back however IMO in the mid-term, long-term (several weeks potentially) the probability to move lower is higher.
I am trading the daily TF so that means I hold trades often for weeks or even months as long as SL or TP criteria do not meet.