Solarwinds Corporation short after bounceback from resistance

2020年6月1日

Historically, the price of the Solarwinds Corporation has been very steady, moving in its normal range between 16.76 and 19.40. Given no overbought signals, nor any divergence with the MACD, I expect the price to be pushed a little bit higher by the bulls, at least to 19.40, if not up to 20.41. But it will not break these resistance levels for long. When the bears take over, make sure to go short!

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Please, maintain proper position sizing and risk management!