I opened a short position on $SZG last week as 1D closed below DC20 and is reversing below MA20 to the downside - I am expecting the downtrend to continue to reach potentially ATL and/or determining target by a trailing stop. ATL is below 5.86.
RSI is bearish, ATR and PVO is about to grow. SL is TBD and moving as is determined by DC20 - if daily closes above DC20.
Thank you for the likes and comments and please trade carefully and with money you can afford to lose!
RSI is bearish, ATR and PVO is about to grow. SL is TBD and moving as is determined by DC20 - if daily closes above DC20.
Thank you for the likes and comments and please trade carefully and with money you can afford to lose!
Trade active
Trade closed: stop reached