$TOL is going to fall today

Earnings intraday trading strategy signal.

Toll Brothers occupied a big niche in the US luxury residential construction market.
The company has been beating sales and EPS estimates for 5 quarters (Q4 18, Q1 19, Q2 19, Q3 19, Q4 19). But yesterday the earnings report has a negative surprise — www.benzinga.com/stock/tol/earnings.

I suppose many traders will close their long positions today due to bad earnings report and downside market trend.

So I hypothesize that $TOL price will be falling from the market open to market close.

Due to strategy, the short sell can be from the market open price,
stop-loss — $1,67 per share
take-profit — market close price.

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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Giao dịch đang hoạt động:

Entry price — $39,59 per share;
Stop-loss — $40,26 per share;