The following short trades will be moved to the Completed Trades (Short) category as they have either exceed the previous suggested stop (or any reasonable stop, if none suggested) or the technicals no longer warrant remaining short at this time. Several of the Active Short trades still look to offer objective entries or add-ons at this time with others trading right at or just above key support level, which may offer another objective entry or add-0n once those levels are taken out. I plan to highlight some of the more promising short trades soon in addition to adding some new trade [...]
BWS (Brown Shoe Co. Inc.) was added as a short trade setup back on Thursday Jan 9th and went on to trigger a short entry two trading sessions later on Monday Jan 13th on the break below the bearish rising wedge pattern. From there, the stock went on to hit the top of the first target zone (T1 zone) on Feb 5th before immediately reversing and just recently exceeding the previously suggested stop of 27.60. Therefore, that previous short trade (and all associated posts) will be move to the Completed Trades category while BWS will also be added back as a [...]
The BWS (Brown Shoe Co) Short Trade Setup posted on Thursday has triggered an entry on a break below the large bearish rising wedge pattern. Price targets remain as previously posted with a suggest stop above 27.60. Previous & updated daily charts:
BWS daily Jan 9th BWS (Brown Shoe Co.) will trigger a short entry on a break below the uptrend line. T2 (19.70) is my preferred swing target. BWS is a component of XRT (retail ETF).