$62 Profit
CXRXShort Stock

Stock getting downgraded and is up 33 percent on the day trying to break above weekly highs of $3 makes no sense. Weekly Resistance at 3 - 3.15 and first Support around 2.80. Stock made double top at 3.15 and then went lower highs and lows forming a down trendline. Covered at 2.85 as I needed to focus on BTUUQ shorting that required more attention. Confluence of Candlestick Pattern, Double Top + Support-Resistance + Trendline. A good trade to make $60 within a couple of hours on friday.
Broker:SureTrader
| Date | Price | |
|---|---|---|
| Entry | 11/11/2016 | 3.00 |
| Exit | 11/11/2016 | 2.85 |
- Total Views235
- Position Size500
- Percentage5%
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