AND YESTERDAY WENT BELOW THE RANGE AND MANAGED TO BOUNCE BACK AND FORM A PATTERN
BUT TODAY IT SAW A GAP DOWN AND IS FIND HARD TO CROSS BACK ABOVE ITS 20 DAY MOVING AVERAGE
IT MEANS THAT THE STOCK IS UNDER PRESSURE AND THE MOVING AVERAGES ARE SQUEEZING AND COMING NEAR TO EACH OTHER
SO NOW TRADE CAN BE EXECUTED ON THE DOWN SIDE AND WE WILL USE THE CONFIRMATION OF CLOSE BELOW 1209
LITTLE BIT OF RISK
SHORT @ 1203
STOP @ 1210
TARGET @ 1187/1180
hope some one has made money!!
its kind of positive news one can book profits in the stock and exit or one can hold till the stop loss.
If stop does not get taken away we can see further downside
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