- Stock went up for multiple days and looks overextended. This setup looks to be a good candidate for a swing short.
- 3+ days green and now a big red gap down day
- looking to short intra-day rips (short-biased)
- Important price support level is at ~18(breakout) and the round number 20
- These are areas where I would consider covering
- If price action retraces with strength and breaks above the high (~23), I will have to change my trading plan.
Intra-day 1 Minute Chart: