APOLLOTYRE Short idea

4 Şub 2023

APOLLOTYRE has made a spinning-top (small body and long wicks) with very high volumes at a resistance. Stock was also making bearish divergence and has now closed below RSI 60. For a swing entry, short below spinning-top's low and place stop between open and close of the candle and target 2-3 times of the candle. For intraday, wait for a break below the swing low with momentum for a target till swing low of the day.