Sunday Prep 10/31 - $JMIA Looking for Break Below $17

I know the ATR on this one is small, but if we break back below 17, we may see a momentum burst to the downside with some extended range. Would be willing to consider shorting any pop into the low 18s if it were to spike off the open on Monday. The new monthly pivot will be 18.39

PROTIP: If you have problems seeing short ideas because you are typically a long-only trader, flip your charts upside down (ALT+I on TradingView or put a “-” in front of the ticker on ThinkorSwim) and you just may have one of those “OMG” moments.

Now doesn’t that look like it might be setting up for a great long!?!?! LOL

Kommentera:

View the updated Idea here: