Tuesday, September 22, 2015

Netcare break-down short setup

Potential NTC short on the cards with the major trend as indicated by the 21/89 EMA pointing downwards and the 3LB breaking its previous low to the downside on the day. The setup has been marked up on the price chart - broadly we're targeting the R36.95 - R36.26 zone for entry with a stop in at R37.63 and targets to the downside at R34.89, R33.52 and R32.84.

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1 comment:

  1. UnknownOctober 9, 2015 at 7:08 PM

    This trade provided a good opportunity for entry but there has been a subsequent green bar painted in the daily 3LB (6 October) which has negated the primary entry rationale. Exit at R37.12 should have been taken capping the gross loss at around 0.2 x original risk level which is an acceptable loss level versus original risk taken.

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