Evening Star Pattern on A2M #ShortOpportunity
Evening Star patterned formed on the daily which indicates a bearish reversal. Accompanied by the fact that RSI while declining, is still oversold. A2M has had a nice run up (32%) since the 6th of November which coincides with the fact that its due for a correction.
Buy Price: $14.54
Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate trade was wrong
Buy Price: $14.54
Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate trade was wrong
Trade closed manually
Ended up closing the trade at nearly 4% profit... probably could of let it run longer but decided to take profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.