So you missed the 8 point drop in GES after it was first profiled in this post, The Daily Breakdown: GES.
Don’t fret, as the stock has set up again perfectly for another fall. All the usual apply for these types of moves: monitor the 50 and 200 day moving averages, and make sure support at $44 gets busted before putting on a full position.
Watch for earnings tomorrow (after market close)…
Miss on those and that $44 support will be gone before you can blink. Good results might get them out of the downtrend, however.
50 day looks like a good spot too.
DPeezy, thanks for the earnings heads up. I forgot to check.
GES earnings got in the way of your bearshitting.
I enjoy bearshitting by drawing straight lines to $0 as well. Your chart looked so pretty and simple. I GES earnings do matter.
In all seriousness, it would be interesting for you to do a postmortem on this trade in a day or two.
Let’s see what it does when it gets to the fitty day. Recovered all it’s losses in AH, and then some.
Exactly. GES still making money on the downside. Looks like some bearshitting did get in the way of those earnings after all.