Setup details as follows:
KIO - Short in the R79.23 - R72.47 zone with downside targets at R58.96, R45.45 and R38.70
AMS - Short in the R244.82 - R230.62 zone with downside targets at R202.23, R173.84 and R159.65
Monday, September 28, 2015
Resource Short Setups Part II
Its all a bit insane in the resource space at the moment and following on the short setups over the weekend as highlighted here, we now have very similar short setups on AMS and KIO as noted below.
Setup details as follows:
KIO - Short in the R79.23 - R72.47 zone with downside targets at R58.96, R45.45 and R38.70
AMS - Short in the R244.82 - R230.62 zone with downside targets at R202.23, R173.84 and R159.65
Setup details as follows:
KIO - Short in the R79.23 - R72.47 zone with downside targets at R58.96, R45.45 and R38.70
AMS - Short in the R244.82 - R230.62 zone with downside targets at R202.23, R173.84 and R159.65
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Missed the resource downtrends on both of these trades unfortunately and in both cases, stop losses would have been triggered in the past week
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