The stock is forming divergence suggesting the forthcoming weakness and current Engulfing bar has triggered the short trade. First target is around lower line however it may also be a reversal of recent up swing so could drag the price further lower. We may review that later.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade closed: stop reached
