USCR Short Entry & Trade Setup

USCR (U.S. Concrete Inc.) offers an objective but fairly aggressive short entry here near the top of the rising wedge on the expectation of a trend reversal & breakdown below the wedge pattern in the coming weeks/months. The actual support levels are highlighted in green next to the targets (T1 & T2). The suggested/official BTC levels to be set 8 cents above those levels in order minimize missing a fill, should the stock reverse just shy of support.

USCR stock chart with price targets

USCR daily Nov 18th


USCR was a trade idea shared by Shambo in the new Trading Room (thanks!). He has posted some additional charts on both the daily & 60-minute time frames within the forum. Those charts can be referenced via the next comprehensive search bar location on the top menu of the site, which will return results from the main (front page) posts of the site as well as those posted within the Trading Room. (search: "USCR")

2017-03-08T21:20:09+00:00 Nov 18, 2015 9:44am|Categories: Completed Trades - Short|Tags: |Comments Off on USCR Short Entry & Trade Setup