In Case You Were Curious What Overbought Looks Like
VIAC is overbought. Registering RSI 85+ today on three separate timeframes has qualified this to me as a clear shorting opportunity. This isn't a high multiple name in a sexy sector, either. This is a legacy media business trying to hack it in a crowded market. I'm long weekly lotto $80 puts (I'm basically NEVER this aggressive) and also short shares in the long term. If this trade drags on I'll find something to spread it with.
Cheers!
Cheers!
Nota
Closed the trade this morning for a 65% profit. happy with that result! Still short the stock.Nota
Closed the Shares for a large profit this morning
Want more high probability trade ideas?
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Want more high probability trade ideas?
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Click here ⬇
seekingalpha.com/author/propnotes/analysis
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.