Wednesday, September 9, 2015

Investec counter-trend Long setup

Investec (INL) is giving a long counter-trend trading alert on the end of day 3LB chart and with the strong down-trend experienced over the past 2 months, there's potential for a strong bounce in place. The setup is to enter on a break of the day's price high at R110.60 using R108.44 as the stop-loss. The ultimate target assuming the trade triggers would be R117.08 yielding a target gross reward-risk of 3-1

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1 comment:

  1. UnknownSeptember 11, 2015 at 6:55 PM

    Today's weak close has negated this trade setup so sidelining any potential trade here for the moment

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