SNAS dabbling... a short(ing) journey..., page-4

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    Nasdaq dealt with resistance quickly intraday, to close at a new high... another shorting bullet dodged!

    https://hotcopper.com.au/data/attachments/3269/3269689-a10fc1843fc0cb39e455803b115c1e0e.jpg

    Strong close implies Insto buying...

    https://hotcopper.com.au/data/attachments/3269/3269692-e6a9cc59620291d775728a5487ef511c.jpg

    Next session is Turnaround Tuesday;

    but while you might target a pullback there, the other thing that can happen is along the lines of what I described above for 11th May (which actually WAS a Tuesday!)
    ... where it dropped 1.8% and then reversed the move in the same session.

    In this case, an intraday dip to backtest the previous high of 14073, and then a bounce back up... would be quite do-able.


    Last edited by DmitriMA: 15/06/21
 
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