LINE short sell play

When you see such patterns, where the stock is consolidating, it is a good idea to play it for quick gains. Have to be careful in such plays since the charts may do a false breakdown or breakout and then go in reverse direction.

In this case, it worked fine and take profits in the prior support area as shown. The Risk Rewards are generally good since the stops are very tight which is also risky since you may be stopped out by one tick.