WST: Outrageous valuation, Time at mode signals a top is in plac
We can short 
WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share.
Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once it pops it'll get ugly, and fast.
Good luck,
Ivan Labrie.
WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share.Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once it pops it'll get ugly, and fast.
Good luck,
Ivan Labrie.
Trade fechado manualmente
Nota
It turned down again near the end of the day, I'll reenter if we break under the previous 3 day's range.Nota
How about that? Seems like that was the top.Nota
That WAS the top.It could break down here, but I'm flat now.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.