Simple Trading Stalk Candidate — 15 May 2014

simple trading stalk candidate

I’m not a big fan of shorting individual stocks and even less so when that stock has a major trend this strong.

That said, V looks to be setting up to take a fall.  Even if it doesn’t, using the top horizontal line as a resistance level around which to place a stop and the lower horizontal line as an initial area to take profits looks like a sound idea. The current structure has price hovering much closer to resistance and thus your stop would be small relative to the profit potential of the idea.

Remember to drop down to a lower timeframe for entry setups, triggers and initial stop losses.