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    Smith & Nephew SHORT

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    matk

    Posts : 50
    Join date : 2010-08-25

    Smith & Nephew SHORT

    Post  matk on Sun Sep 19, 2010 11:09 pm



    Weekly chart displays down trend LHs LLs

    Price formed a bearish eng at the 62% fib followed by a down day
    This current price action is half way between the monthly PP and MR1

    Weekly res is at 565 this has had multiple hits in the past and recently


    I am entering on a possible further retracement and retest of 564

    Stop 571

    T1 546-75% of stake
    T2 536-25% of stake



    Limit orders set to close trade

    see chart


      Current date/time is Tue Nov 13, 2018 4:33 am