AMCX - Possible Bearish Swing TradeThis is a bearish swing trade I may enter next week. If I do I and it moves in my favor I will be very aggressive when it comes to moving my stop. My 2R target is down at $45.85 but there are three pivot lows that will be in between
my entry and my target.
To me, AMCX looks pretty weak and even weaker when looking at the hourly chart.
Bearishswing
SWKS - Possible Bearish Swing TradeI am considering taking this Bearish swing trade on SWKS. One thing I worry about is if I am triggered into the trade SWKS just recently bounced nicely off of the 20 EMA. If I get triggered in Monday or Tuesday, most likely the 20 EMA will be just below my entry. I sort of would rather have SWKS move sideways a few days allowing the 20 EMA to move above my trigger price. Obviously, I have no idea if the trade will work out in my favor or for that matter if I will even be triggered into it but I really like how the price action looks when I view the hourly chart. To me, it looks pretty weak.