I shorted NWL, this has gapped down today. I’m getting better at reading these “gap down stocks” I’m adding more size to this play.
I was correct in my read on this trade, I read the tape correctly and I saw the the bid could not get and hold above 45.01. I got short at this level. The stock had buyers at the .74 level when this level was taken out I should’ve added since this level would act as resistance. But I didn’t want to chance the stock coming back on me.