APEI, short
back tests the breakdown price seemed to be rejected, setting up for a downward trust if there is any weakness broad markets.
FIT: nice consolidation, put on a starter position
This is one that had a nice countertrend bounce over the past couple of days. I like to short these types of stocks at the first sign of weakness. Using a short time frame when the trend breaks, I enter. I expect the win rate to be lower the shorter the time frame, but the pay off can be 5 to 1, which is why I take these trades.
This one did not work as a short... yet. We
Although OVAS didn't work UNFI might:
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