The price has been advancing for almost two months without a meaningful retracement.
Shooting star formed, with price-volume divergence observed.
MACD-Histogram and smoothed RSI both showing bearish divergence.
This is not a trend trade. This is a short-term counter-trend trade.
Cut loss if $10.96 resistance is broken; target to cover short at $9.12 (61.8% Fibonacci)
Outcome:
28 Feb: Opened LONG at $10.68
14 Mar: Closed at $10.14
Reason for closing: Trailing-stop triggered.
Profit $0.54, 5.1%
