Here are three stocks that are sitting beneath serious resistance and are susceptible to a pullback…
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Any reason for the abundance of short setups this week?
Because I’m feeling bearish 😉
I could post them a lot more often but I try to post more bullish setups when I feel they environment is bullish and more bearish ones during a bearish environment.
Although when the market is trading beneath the 50 day, there will simply be more of these types of setups.
What are your thoughts on GNRC as a short? To me it looks like a bear flag right underneath 32.95.
I wouldn’t short it. Still in an uptrend and that gap up was powerful.
I see the bear flag you are talking about but I think it is insignificant compared to the gap up. That’s not to say you couldn’t squeeze a buck or so out of a short. Its just that I prefer shorting stocks that have already rolled over.