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POWI Final Target Hit For A 28% Gain

The POWI (Power Integrations Inc) short trade made a large gap down today, surpassing both the first and second price targets (T1 & T2) to open at 43.23, giving this trade a 27.9% profit from the entry just over two weeks ago. As T2 was the final target, consider booking full profits on POWI as this trade will now be consider completed. POWI daily April 30th

2017-03-08T21:20:58+00:00 Apr 30, 2014 1:51pm|Categories: Completed Trades - Short|Tags: |Comments Off on POWI Final Target Hit For A 28% Gain

POWI Short Entry & Setup

POWI looks to offer an objective short entry following the break below this beairsh rising wedge pattern. T2 is currently my preferred swing target with a suggested stop over 64.50 (lower if only targeting T1). Although my preference is to establish a short position here, an alternative entry would be on a possible bounce to backtest the wedge from below which is certainly a possibility although not my preferred scenario. POWI daily April 14th

2017-03-08T21:20:59+00:00 Apr 14, 2014 9:59am|Categories: Completed Trades - Short|Tags: |Comments Off on POWI Short Entry & Setup