Paychex, Inc.Short
$PAYX can fall today
Updated
Contextual immersion trading strategy idea.
Paychex has a strong downside trend.
The company provides integrated human capital management solutions.
Due to the spread of the COVID-19, the demand for the company's services has fallen.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $55,53;
stop-loss — $58,43 — over today's high.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Paychex has a strong downside trend.
The company provides integrated human capital management solutions.
Due to the spread of the COVID-19, the demand for the company's services has fallen.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $55,53;
stop-loss — $58,43 — over today's high.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Trade closed manually
1/2 closed a $49,87.Note
49,97Trade active
1/2 of position still openedNote
Yesterday I set stop-loss order at $52,5Trade closed manually
The rest 1/2 closed at $53,56.
More information: fondexx.pro/
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