SHOT Shot Safety Inc. Did You Take Profits?

 

Yesterday I wrote about SHOT and said "Stocks with charts like this usually come down just as fast as they climb so a trailing stop loss is a good idea." 

Was I correct?

The top chart is a 3 month chart, and if you understand Japanese candles you will know that the shape of today's candle is bearish despite the stock closing higher. 

The lower chart is a daily chart, and if you had used the RSI (crossing below 50), a break below the upward trendline, or a trailing 15% stop loss you would have sold at around the $6.40 level.

Congratulations.

Make a list of what you learned today, and move forward to the next stock.