Singkat
NEWA in for a Major Consolidation
Wow, what a week for NEWA. Up over 50% in the last week this stock made major moves when the bulls rushed in to seize up cheap shares of a good company after it's presentation last week at the 2017 Disruptive Growth Conference in NYC.
With respect to the 50 day moving average, the stock trades comfortably $8.50-$11 range, and I can see this company selling off towards those levels this week.
I got in a bit early last week at $13.33 but I can't see this trend holding. So here is my game plan for a short trade with a time frame of a couple days.
Entry/Increase Short Position: $13.48
TP1: 50% position @ $12.00
TP 2: 30% position @ $11.00
TP 3: Close out position @ $10.00
With respect to the 50 day moving average, the stock trades comfortably $8.50-$11 range, and I can see this company selling off towards those levels this week.
I got in a bit early last week at $13.33 but I can't see this trend holding. So here is my game plan for a short trade with a time frame of a couple days.
Entry/Increase Short Position: $13.48
TP1: 50% position @ $12.00
TP 2: 30% position @ $11.00
TP 3: Close out position @ $10.00
Nota
Still in trade NEWA opened up down 4.5% waiting for it to reall start selling off heading into the afternoon.Dagangan aktif
Setting SL to 15.25
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.