Well, this thing got lucky today the market was up. I will give it another day, if it can't close above the support, I will sell it for a target if $52.80 ~ $53
Trade active:
Went short at $57.80, earnings report is in two days though.
Comment:
Earnings are out and despite beating the estimates, stock went down pre-market. This means that many people tried to sell the news and the stock has lost the footing at this level.
Comment:
still going down. I am planning to close 75% of the short position and reverse the other 25% if the price gets to the support level (long 25% of the position). lets see.
Comment:
It has held $53.90 twice, I might consider getting out depending on today's close.
Trade closed manually:
Alright, this is a late update, after the doji on 24th, I closed the trade manually on the open of 25th.
