FSIN Right in the zone

Last week I updated the FSIN trade with a location in which I'd like to get some short exposure, we've had a couple of chances to get in at that level.

 5-day chart shows the multi-year top formation

 The break down below the top's support and subsequent dead cat bounce into the short area I identified around $7.20. I'd still allow a little more room in your risk management /position sizing to add at higher prices or on a confirmed break back below support.

The 10-mn 3C chart was very negative right at the gap up this morning and you can see what happened from there, a straight sell-off.