Updated

JSEMEI - Mediclinic (Looking for entry!)

104
JSE:MEI

On the watchlist

Possible scenarios:

1) Price continues to make a new shortterm high and the bull flag target comes into play

2) Bulls succumb to the trendline resistance that is in place and the failed bull flag plays downward towards the 200ma

Will be watching today's close and tomorrow for clues on when to enter a position.

- MANAGE YOUR RISK -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trade active
Short triggered, SL above R77.50
Trade closed manually
Trailed out at breakeven after strong trade update...

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