$PAYX can fall today

Contextual immersion trading strategy idea.

Paychex has a strong downside trend.

The company provides integrated human capital management solutions.

Due to the spread of the COVID-19, the demand for the company's services has fallen.

This and other conditions can cause a fall in the share price today.

So I opened a short position from $55,53;
stop-loss — $58,43 — over today's high.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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Trade stängt manuellt:

1/2 closed a $49,87.

Kommentera:

49,97

Handel aktiv:

1/2 of position still opened

Kommentera:

Yesterday I set stop-loss order at $52,5

Trade stängt manuellt:

The rest 1/2 closed at $53,56.