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FriscoTrades

$NFE Breaking down short idea

Short
New Fortress Energy Inc. (NASDAQ:NFE)  
FriscoTrades  
NASDAQ:NFE   New Fortress Energy Inc.
Support and Resistance Supply and Demand nfe Bearish Patterns short shortidea tradeidea Stocks SPDR S&P 500 ETF (SPY) QQQ SPX (S&P 500 Index)
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supportandresistance supplyanddemand nfe bearish short shortidea tradeidea stocks spy qqq spx
Was long NFE looking for the breakout to 55 , now looks to have been the climatic top and an opportunity to short.

A loss of 38 I think we see more downside. Although there are some S/R and demand zones below they don't appear to be as strong until 27 zone.

Will use 10 MA as stop (close above)


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