HUGE gap on Friday. Expecting some profit taking on a 25% gain in one day. Will look to go short if the 1.382% fib level acts as a resistance. Previous bullish actions with WIFI have resulted in decent pull backs before moving higher.
If I enter, my stop loss will be set at $20.
If I enter, my stop loss will be set at $20.
Trade ativo:
Went short 300 shares at $19.01 with a minimum target of $18. Stop loss is set to $19.55.
Trade fechado manualmente:
Got out of the trade at $18.70 due to the downside looking weaker than upside. Turned out to be a smart move.