Symbol: PALM
Type: Short
- First, 'No', I didn't trade today! The only thing that I traded was a few shares of dirty diapers during Pre-opening hours!
- I'm assuming that there were tons of gappers this morning. I was just browsing different stocks to see their damages and I came across this one, PALM.
- It seems to be dummy setup with 2 consecutive Inside Bars + NR7 combo, formed right around the base.
- I would place my Protective Stop at the 5eMA level, since the prices never closed above it prior the entry point.
- Should be at least 5R profit. I just don't know if there were shares available to Short. (If you do know, please kindly leave a comment, just so I know.)
- I hope my readers caught this one, or the many other opportunities out there today.
Good Trades to You!
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