trading below 50dma, looks weak. high chances of an intermediate correction.
Comment:
Highest Open Interest in 2 years and IV rising, if the stock breaks down, good money can be made. short below 2300 sl 2470
Trade active:
Short sold @ 2310 sl 2470
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini