SPWR gapped down and rallied into resistance at the previous day's low (black horizontal line). It had additional resistance from the declining 34MA, and broke the short-term (morning) trendline.
I entered short when price broke the hanging man that printed above S1 (green line). I covered when price reached S2 (yellow line).
2 comments:
Tom,
Nice reversal trade 6/15 shooting star looks good too. Forwarded your phots to family...they loved them.
How often do you use trendlines?
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