$LITE can fall in the next days

Contextual immersion trading strategy idea.

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

The share price fell after bad earnings. It looks like it will continue falling.

The demand for shares of the company still looks lower than the supply.

So I opened a short position from $67,72;
stop-loss — $69,89.

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.

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Trade chiuso: stop raggiunto