You could find this short setup in real-time today
$ON
Its industry is among the bottom 20% and its Pace is also among the bottom 20%. That tells us to look for shorts in the industry.
$ON has reduced earning and revenue growth over multiple quarters. 76% of peer stocks are down. The stock is steadily coming down over 10 days to today, seen in real-time. That allows us to short using the #CUE setup provide the stock was at a high price level.
The chart shows it hit Jump/Thrust High in late Jan. At that point, it displayed a series of bearish Indecision. Then it was moving inside a Triangle, only to break down from that today right now. Weekly created a false upside breakout at Watermark resistance and now breaking below Memory trendline support. That further tells us to short the stock.
That gives one a low-risk short setup. It has liquid options and you could short using stocks or options verticals.
Are you able to find such trades in real time? If not, why not?
