BJRI this morning offered a second chance shorting opportunity. From my last sentence of
yesterday's Trade Idea update,
"I would consider adding or starting a short position in BJRI on any strength,"
BJRI is currently down about 6% in the last two days. As I mentioned a few days ago, the only way to catch these trades is to have a good, real time alert system.
The daily 3C chart is very bearish.
Here's the breakdown out of a consolidation over the last 2 days thus far, excellent follow through selling today.
And this is what the second chance looked like this morning on early strength.
I hope some of you got in on this one.
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