Off your game?

Read our free Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
Your email will always remain private.

SSS - FFIV Possible H&S Short-Sale Set-Up

FFIV looks to be shortable in here as it may be forming another right shoulder in an overall head and shoulders pattern, as we see in the daily chart below. For the sake of fair disclosure, we have a tiny (at least for us) short position in this currently. The 50-day moving average at around 102.16 or the top of today's range at 102.77 would be you guide for an upside stop. Also, we would love to see FFIV make another run towards those highs as it could potentially provide an even more optimal entry point. Note that if the general market, for any reason, is able to rally forcefully into the close, you may want to back off, so keep an eye on the general market action in conjunction with any short position in FFIV.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
Copyright ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy