Looking to short under the 100d,200d MA's on daily chart.
$EA had a similar setup last December and the result was a relatively straight 50% drop. I am not at all claiming that we will see that kind of move again (but it is possible).
Entry: Buy Stop at 13.59 (I want to buy it on downward momentum. Right now there is a fight going on in the .60's, if the Bulls win I don't want to be short.)
Stop: 13.85
Target: 12.25
Entry: Buy Stop at 13.59 (I want to buy it on downward momentum. Right now there is a fight going on in the .60's, if the Bulls win I don't want to be short.)
Stop: 13.85
Target: 12.25