Categories
Tech

Radware Ltd (RDWR) : Bearish Cross Sighted

Despite beating the earnings estimate, Radware continues to face selling pressures after its earnings has been announced.

With the continuous selling, a bearish cross is sighted after it break the 2 support level at $22 and $21. I have since sold off my holdings at a loss after it breaks $21.

Currently, the price close right above the kumo support.

Personal Lessons:

A mistake that I make for my recent RDWR trade was not setting an auto stop-loss in place.

Not only that, despite I did make a profit prior to the earnings results, I was not willing to take it off the table; trying to bet that Radware will beat its estimates and it will go higher. The results : It went down.

In short, my lack of discipline and greed cause my loss for this trade.

Reminder : Always have your stop-loss in place

Reminder : Follow my chart reading strictly.

Categories
Tech

Radware Ltd (RDWR) : Will this be a potential cup-n-handle?

Radware is still holding near its high.

With earnings tomorrow, there is a likelihood that a cup-n-handle may form.

I am betting on a breakout on the high side.