BEAV Short Trade Idea Follow Up

BEAV was presented as a short trade idea April 18th, there was a triangle sitting right under resistance of a top formation that had broken, the idea was that instead of the continuation triangle breaking to the downside, Wall Street would head fake traders and brea BEAV out to the upside, allowing us to short BEAV in to price strength. This was one of the many stocks I mentioned last night with positive divergences, so far the plan is working.

 BEAV's top and the triangle below which traders consider a continuation consolidation, expecting it to break to the downside, as usual, Wall Street uses Technical Analysis against traders. There were two potential target areas to look at shorting BEAV, although you could probably start phasing in to a position here on early strength-up 1.54% thus far.

 We almost always see a head fake move (even within a head fake move), before the move actually starts.

 The 1 min positive divergence.

 2 min positive divergence

5 min positive divergence.

Right now it's too early to get  trailing stop on BEAV, but a nearly 1.5% gain for the day is not a small move. I'd prefer to see the short term charts start to go negative before entering, but again, it is worth considering phasing in to the position.