Thursday, January 7, 2016

5 Potential 3LB setups

Some rather emphatic breakouts popping up after a high volume day on the markets. Having sat on the sidelines for a fair bit in this opening week, here are 5 potential trades using 3LB breakouts I'll be looking at tomorrow. 

 PAN long between R1.93 and R2.00 with a soft stop in at R1.85 and upside targets at R2.15/R2.30 and R2.38

GND short between R10.82 and R10.33 with a soft stop in at R11.30 and downside targets at R9.36/R8.39 and R7.91


AFE short between R82.89 and R81.02 with a soft stop in at R84.75 and downside targets at R77.29/R73.56 and R71.70



T40 cash short between 43,443 and 42,737 with a soft stop in at 44,150 and downside targets at 41,324/39,911 and 39,204

AGL short between R57.75 and R55.51 with a soft stop in at R59.99 and downside targets at R51.03/R46.55 and R44.31









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5 comments:

  1. UnknownJanuary 8, 2016 at 9:47 AM

    Entries on AGL(R58.47), GND (R10.58) and PAN (R1.96) this morning

    ReplyDelete
  2. UnknownJanuary 8, 2016 at 12:01 PM

    Entry on T40 (43,532)

    ReplyDelete
  3. UnknownJanuary 8, 2016 at 7:29 PM

    75% of AFE position filled at R81.95

    ReplyDelete
  4. UnknownJanuary 11, 2016 at 1:43 PM

    Entered short on AGL at 56.50. hope it holds with current anglo going up

    ReplyDelete
  5. UnknownJanuary 11, 2016 at 1:44 PM

    Missed the Pan long, order was slightly to low.

    ReplyDelete

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