METHOD: Short SALESFORCE {price at entry 156.40} via: +2 CRM 20 DEC 19 160 PUT @4.40 ; Trading with 0.75 of extrinsic value, well in the money.
STRATEGIES: Using CRM day chart:
The 20/50 Mean started a crossing downward pattern, and we can look for a new red cloud to form for a short.
The Fisher Transform bounce signal has failed and is now showing a continuation short near a critical support price.
TACTICS: The plan in terms of stock price:
STOP is price > 160
TGT1 153 scale; TGT2 148.75 to exit
Trail option price to Break Even once stock price < 154; OR consider scaling as red cloud becomes large
You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose.
Will update in comments, B3 d^.^b
Operación activa
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Filled and on a good track to start. :)
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"You may let the Fisher Transform and 20/50 mean together take you out technically for whatever you get win or lose." <--- this can be done as they have both gone long signaling that the short taken was part of a chop sequence, unfortunately.
The stop has not been reached for stock price, however, lower to high of today. Stop = price >159 now which is super tight.