SMWB (Similarweb Ltd.) offers a very aggressive pre-earnings short entry here —OR—on a solid break below this uptrend line and/or any push up into, but not above the 7.90-8.30 resistance zone just above AFTER they report earnings tomorrow BMO (before the market open) & ASSUMING the stock hasn’t gapped too far below the rising wedge. Daily chart with price targets below.
SMWB daily Aug 11th
The maximum suggested stop for those taking the aggressive pre-earnings short entry or “bet” that the stock will fall after tomorrow’s earnings report due to the current bearish technical posture of the chart* might consider a maximum suggested stop above 9.22. My preference would also be to only take a starter/fractional (1/4 to 1/2) position here, adding to the position if & when any of the aforementioned alternative, more conventional/conservative entry criteria are in effect after the company reports earnings tomorrow morning.
*(bearish rising wedge pattern with the stock rallying into significant resistance while very overbought with negative divergences between price & the momentum indicators)