This stock really looks toppish on every timeframe I set it. It has to address its oversold readings so I think it still have some fight left in it to get back to the midrange(129.93). I can prepare to short once price start to climb to those level.
Another scenario is that if stock breaks down sooner than expected, I am looking to short below 99.98 and stop at 106.13.
Only thing that is stopping me from executing the trade is that the stock is looking like it will consolidate.I just need confirmation that the stock will move to me bias before I execute the trade.
Another scenario is that if stock breaks down sooner than expected, I am looking to short below 99.98 and stop at 106.13.
Only thing that is stopping me from executing the trade is that the stock is looking like it will consolidate.I just need confirmation that the stock will move to me bias before I execute the trade.