Short Everythin – 4 Technical Setups for Q4

by Gr0o0vy

Greetings and welcome to the first edition of Short Everythin.

From time to time I will try to share my short setups on what I believe are overvalued companies. Who knows, I might find a decent long from time to time.

Over this last weekend I went over few hundred charts and the winners are as listed below.

I have included my designated entry/exit points. Good Luck

  1. GoDaddy

RR 4:1 , established downtrend

i.redd.it/44jbgyf0v3r31.png

2. Qualys

RR 3:1, death cross just occurred , expecting to take out the previous low and find strong support above 67.5

i.redd.it/7u4tl5f1v3r31.png

  1. VMware

RR 3:1 , break of 150 to indicate dead cat bounce is over and test 140, likely 130

i.redd.it/lqa64s72v3r31.png

  1. Columbia Property Trust

RR 2.5:1, forming a bit of a descending triangle and a TP measure (triangle height) corresponds exactly to previous bottom at 18

i.redd.it/6trwwqv2v3r31.png

DISCLAIMER : before trading check news for any possible corporate actions playing out soon

 

 

Disclaimer: Consult your financial professional before making any investment decision.