200.92M float/10.90% short float/100% institutional
Stock down 10% on downbeat sales data, profits beating estimates however. I do like the daily chart since it's trading below key resistance of 70$, which was a former breakout spot. Sellers at 67$ lifted, currently trading above 67$. I want to be short against 69$, probably even against 68$ depending on the action at the open. Prob. 4$ downside, if it holds below 68$
Stop: 68$/ 67$
R: well deserved -1
The epitome of my trading this week and the turnaround at the same time.
Picture perfect short setup against the 68$ premarket level, I got in in front of it and got spiked out. Reentry a couple of seconds later, but instead of adjusting my stop to 20cts my brain went ballistic and I puked for no reson about 10 seconds later. Two FOMO add ons later in the day and I was absolutely crushed.
Execution detail:
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