Wednesday, October 28, 2015

Anglo - Short continuation setup

The AGL daily 3LB has broken down below it's previous swing low. The daily candle has however painted a long tail so caution needs to be taken as it could be bouncing here. So the entry trigger is on the break of today's price low of R111.50 with downside targets at R105.65/R99.80 and R96.88 and a stop in at R117.35. This one needs to be monitored carefully and if the stock moves bullishly, entry should be avoided.


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