Support becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
From left to right pay attention to the 2011-06-20 (Resistance), 2014-01-20 (Resistance) 2018-01-01 (Failed Resistance Breakout)
And strong drop, which also contributed to the breaking of the bull trend line
Now, the idea is for a short seller, swing trader but now need to wait for a pullback around 23.90 (Dotted line) for a better entry price
I do not intervene too much in how to handle this idea
The trader can use your own setup, system, risk profile, Indicators, etc...
I am a Stock Picker and this gimme flexibility for put ideas in the desk of traders
Thanks
From left to right pay attention to the 2011-06-20 (Resistance), 2014-01-20 (Resistance) 2018-01-01 (Failed Resistance Breakout)
And strong drop, which also contributed to the breaking of the bull trend line
Now, the idea is for a short seller, swing trader but now need to wait for a pullback around 23.90 (Dotted line) for a better entry price
I do not intervene too much in how to handle this idea
The trader can use your own setup, system, risk profile, Indicators, etc...
I am a Stock Picker and this gimme flexibility for put ideas in the desk of traders
Thanks