although i dont suggesst to liteally short this you can paper trade this to get a feel of how shorting impacts the p&l of our trading account!
just for educational purpose . if you want to trade this . keeping an eye on its fundamental is also necessary as these targets could be for long term
this is what I've captured during this month .
long above 435 would be good . not for short term though!
place stop below the support . opt for 1:4 setup
go with a strict stop loss . if shoots big in the first 1 hr candle then ignore and move on!
a good consolidation around resistance . good risk to reward ratio as well . buy only after BO . if breaks high ignore.
look for proper entry . considering EOD is better P.S : End Of the Day candle-EOD
as the dollar index clearly shows a break within the descending triangle . the global markets weakened . if it continues then the indexes might fall for a correction . have an eye on all your positions . trial your stop losses . be prepared
good financials with good base is always a good sign!
the chart itself explains everything . make use of it!
look out for this with proper position sizing
you all know about the history of this stock . hence take positions carefully.
If you are willing to take on this , please go only with minimum quantity . and rely on the weekly tf itself as day timeframe might not give you a clear view.
price is been consolidated for a while but seems to be bullish for coming weeks . 1st target and sl is mention in the pic itself