Possible change of trend in CONCUR

Mar 3, 2017

Based on OI data, more are betting on the counter to go below 1200. However, there is build up happening and this counter is not selling off like its peers. Suspect we can see a move to the upside due to covering of shorts and a rally to the upside in another 2 months time. Here is OI snapshot - screencast.com/t/iiY8OoL0

Immediate target 1320 and stop at 1209

Mar 9, 2017

Trade closed: stop reached