Biotech Short

Late Session

Two Attempts To Short

Using the prior day’s analysis that a short entry was low risk, the first attempt was long LABD 17.78, tight stop at the prior day’s low of 17.38 (not advice, not a recommendation).

As the chart shows, it did not take long to get stopped out and have LABD post a daily low of 17.37.

Immediately after the exit (within seconds), price action began to recover. The behaviour of this action gave the go-ahead to make a second entry.

After the second entry, price never came back. The stop on the position was changed to be the low of the day: 17.37 (not advice, not a recommendation)

Stay Tuned

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