I don't know much about Wind stream except that it might be like the next Kodak. Obsolete technology and dwindling demand for its services. I am thinking you could take profits on the way down, but hold a small portion for a while in case this company dies.
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I redrew these descending wedge trend lines and it looks like we actually broke back into the wedge. This trade is about break even right now, I would take some profits sooner .. maybe around 4.60-4.50 ish. We may shoot up higher in the days to come. We are slightly oversold on the 4 hour so this will work in our favor of a short.
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Probably getting stopped out soon. Like I said, small position size on this trade :*(
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I cannot believe this missed my stop! That was super close. Because of the TTM firing long and also this jumping back into the trend line, I am going to close this trade at a 1.5% loss.