EXIT LNG SHORT 17.80 - CLOSE ABOVE 17.50 IMMINENT
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EXIT LNG SHORT 17.80 - CLOSE ABOVE 17.50 IMMINENT
With less than a half hour left in trading the squeeze is on for this stock and it's going to close above 17.50. I've been squeezed enough on short plays to know that I don't ask questions, I don't hesistate, I just cut bait and look for the next area or resistance.
The next spot I'd be intrested in is the double top at 18.90. I truly hope it gets there in a vertical fashion as that gives me a beautiful setup. Take a look at the stock, it's vertical from 14 up to just shy of 18 since mid November or 30% inside of under a month.
Let it keep going though, you can't go long up here and you have to wait patienty for the next short entry to get in.