The trading range here is clear as day as multiChoice becomes range-bound and pretty much stuck between two levels. I personally cannot see what drivers there are that could possibly push this stock higher. Looking at the Stochastic RSI, it indicates that the current rally is a weak one so I'll be looking to short this bounce. The Rules are pretty simple when trading a "range". Sell the top and buy the bottom. Your stop-loss is a breach of the range. So that's what I'll be looking to do.
Trade stängt: målet nått:
just like that...