A took a smallish short position today. XLNX is in a nice up trend, so this trade is from watching the tape on it and it feels heavy. Im not looking for a big down move, but a buck or more will do for me.
The lateral blue lines on the posted daily chart are to illustrate the layers of resistance on the horizon for XLNX. I plan to short it at each level for a quick swing trade. Also I will get long at the 30 day moving average and sell at the lateral blue resistance lines.
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