$ROVI #1

$ROVI

  • 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:

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Daily Chart:

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