One can treat short-sale candidates as day-trades, seeking to take advantage of the market volatility. In this case the 5-minute chart gives us some clues respect to Iridium Communications (IRDM), which was a short-sale entry up further around the 50-day line.. Note that MACD Cross which is bullish but resistance still lies at the blue 20-period line. I will cover and short, cover and short, all the way down as I seek to ensure short-sale profits in a volatile market correction with the idea of campaigning stocks, e.g., playing IRDM again tomorrow if I cover it today, which is likely at some point. I will then seek to re-enter the trade at a favorable price tomorrow morning.
Short-Sale Set Up - Iridium Communications (IRDM) Follow-Up 2/23/22
|Published:||23 Feb 2022 11:57 ET|
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