Tuesday, December 1, 2015

Attacq short setup

Interesting how the property stocks seem to be popping up on a breakout basis at the moment. Here we have the 3LB on ATT breaking its previous swing low setting up a short entry zone between R20.14 and R20.47 with a stop in as a close above R20.80 and downside targets at R19.48/R18.82 and R18.49

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2 comments:

  1. UnknownDecember 1, 2015 at 5:06 PM

    Good opportunity to get short on this one. Managed an entry at the top of the entry zone at R20.47

    ReplyDelete
  2. UnknownDecember 10, 2015 at 10:41 AM

    Target met and profit taken at R18.49 for a 6-1 reward-risk on the 9.7% price move

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