ATSG Short trade on break of upward trendline

27 Mar 2020

ATSG recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward.
Two targets are set for $10 and $6.50 as the big target, however like most trades it's better to let it run and trail a stop behind

Factors leading to the decision:

• Price recently broke below the 1-year uptrend trendline
  
• Heavy volume as it broke the upward trendline
  
• After breaking down, price came up to re-test the trendline and was rejected
  
• After falling below the 20-ma, price tried to get above it again and was rejected
  
• The recent high fractal offer great places for tight technical stop
  

As always, use a tight-stop and if it rips down, let it run and trail stops behind.

9 May 2020

İşlem kapandı: durdurma seviyesi