50% retracement of previous move. Main trend is down. From the recent low stock move 3.46% on weekly basis. Now, expecting the main trend resume in upcoming week
Trade active
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No chance today, for short, the stock. Stock is facing resistance at price 324, but not signaling for short. The next level to watch for short is in between the price level: 324-333. 332 is the 61.8 retracement of the previous downtrend.
Trade closed: target reached
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Finally, the 2nd resistance at 61.8% retracement works today. Shorting at 337 and buying at 331.50