As market weakness continues, I been watching for new shorts to take right at market open. The gap down in the futures will probably create a lot of emotional sellers and stop out a lot of longs. XPEL has been having trouble keeping above all time highs and had a solid line of support to play a breakout trade to the downside. Both the 20DMA and the 50DMA had crosses and were how falling. These are great bearish indicators and I believe XPEL is due for some retracement.
Entry - 13.96
Stop Loss - 15.01
Target - 10.00
Entry - 13.96
Stop Loss - 15.01
Target - 10.00
Not
Daily timeframe. Solid support at 14.50s. Broke down today and I went short at market open. Not
Going to lock in profits down here. Took off 1/3rd at 12.52 and moved stop loss to 13.14. Noticed some relative strength in this stock compared to the rest of my shorts.Not
Stopped out rest at 12.97.
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.
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.