The past price action of this stock is what I look when I am searching for a candidate for short selling, not because the Dow drops 1,100 points
I can select any company name and short sell the stock.
The key here is that the price had problems with the 100 resistance area in two occasions (In the more recent past) December 2016 and between May and August 2017 and after that (look the chart for a better idea because I'm not a very expressive person)
This ideas are for swing traders, wait for a pullback is the decision of the trader
I am an end of day Analyst and my job is to find stocks like this and put they in the desk of traders.
I can select any company name and short sell the stock.
The key here is that the price had problems with the 100 resistance area in two occasions (In the more recent past) December 2016 and between May and August 2017 and after that (look the chart for a better idea because I'm not a very expressive person)
This ideas are for swing traders, wait for a pullback is the decision of the trader
I am an end of day Analyst and my job is to find stocks like this and put they in the desk of traders.