That close on Friday was pretty strong. I'm slightly concerned about a gap up on Monday considering the overbought RSI. Managing my position size carefully over the weekend in case of unexpected news flow. A significant gap could invalidate the current technical picture rather quickly.
Update: Thinking about hedging my position slightly before the open. The 20 SMA is still below, which is encouraging, but the overbought RSI combined with potential gap risk makes me uneasy. Better safe than sorry, I suppose. Will reassess on Monday morning.
K
KaylaThompsonPROnewbieFeb 27
@harrycarter21 I share your concerns about a gap. The weekend news flow can be unpredictable. Reducing position size seems like a prudent approach to protect profits.
