Sagar Nandi
Shorting opportunity at the top in the broadcasting industry.

$SSP.

360 Analysis Summary: If the daily Memory support is broken, you may look for a low-risk short entry. You may keep the upcoming earning date in mind in deciding trading instrument and strategy and how long you would hold the position.

All the snapshots are from around 2:30 PM EST on 2st May 2019.

Numbering in the text below follows the marking on the pictures.

IMPORTANT: As the price may move up or down during the day, you may confirm a swing trade setup at or near market close.

0) I had mentioned in webinars that if the market futures' daily Memory is broken, it would be time to look for short trade setups. Today as of this writing, futures are below their daily Memory Support lines. And here is a possible shorting candidate based on CUE 360 analysis.

1) SSP's industry, Broadcasting, is weak and it is showing (2) deceleration. Today, it is the weakest industry in the Communications Services sector.

3) The stock is overvalued.

4) It has earnings on 10th May.

5) Weekly displayed Headwind reversal signal at the very top and

6) Now it is breaking below weekly Memory Support.

7) Daily also displayed Bearish Headwind.

8) And now breaking below Memory Support.

9) Today the stock is falling with Extreme Bearish Pressure.

10) The stock is at Pendulum / Price Extreme High, from where short trades may give high profit if the stock drops further from here.

ssp edge 2019-05-02_14-39-09.jpg  ssp funda 2019-05-02_14-37-40.jpg  SSP TECH 2019-05-02_14-33-28.jpg 
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Sagar Nandi
1) I shared the $SSP breakout short idea on 2nd May.

2) Later, it went up a bit but did not hit the stop that was just above the recent high (set using CUE Protection signal).

3) Today, 10th May in the morning session (~9:40 AM EST), SSP has hit Lower Boundary which is the initial profit target and profit could be booked.

ssp exit 2019-05-10_9-47-49.png 
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Sagar Nandi
1) $SSP short idea was shared on 2nd May.
2) Following guideline, partial profit was booked on 10th May at the Lower Boundary.
3) Following the guidance, you would hold a partial position, and that is giving even higher profit today on 13th May as the stock fell by 17%+.

ssp let proift run 2019-05-13_11-37-55.jpg 
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Sagar Nandi
1) I entered short in SSP on 2nd May. The orders snapshot shows how I exited my SSP short position in multiple stages. 

2) Profit on the last remaining positions that I exited was more than 800% in eighteen trading days.

3) I exited my entire position today as SSP hit long-term weekly Watermark support and 

4) Daily made a bullish shape candle at the Watermark support.

SSP Pnl final 2019-05-29_13-18-45.jpg  SSP chart 2019-05-29_13-43-22.jpg  
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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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