Friday, 15 July 2016

[Bearish Setup] - Sallie Mae (NASDAQ: SLM)

This ticker caught my attention after the market closed for NASDAQ. Potential mean reversal trade back to the pivot of $6.33

Entry Price: $6.99
Take Profit: $6.33
Stop Loss: $7.30
RRR: 2.13

Remember that this signal will be invalidated once the price exceeds the previous day high which is $7.13.

As always, happy trading.


Update: The signal has been invalidated as the price has breached the previous day high. I will not be taking this trade.


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