A possible shorting target - BWXT

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Fundamentally, this company share price is overvalued , fair value around the 90 dollar mark. Now, we are seeing the price action hitting the resistance level once more.

On a smaller time frame, the bullish stance remains and looks likely to break above which I suspect is false move to trap bulls before reversing down. Let's see how it plays out in a week or two.
Not
the short trade set up is off as it has breached above the resistance line

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.