Sagar Nandi
The market is weak. However, many stocks have fallen considerably and it is difficult to find stocks to short. Here is one that a breakout trader may consider.


Broke below both weekly and daily Memory support trend line today.

The stock is overvalued and has negative quarterly earnings growth. Its industry is weak.

A 360 short opportunity for breakout traders.

ramp chart 2018-12-21_12-52-11.jpg  ramp industry 2018-12-21_12-55-41.jpg  ramp vital 2018-12-21_12-56-04.jpg 
Sagar Nandi
Point 1 in the chart is when the short could be initiated as it was breaking below daily Memory trendline support. At point 2 it hit quarterly support pivot and reversed. The trend is still bearish. One might consider booking partial profit or at least move stop to breakeven.

ramp protect 2018-12-26_12-28-36.jpg 

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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