This forum is for the time being just for a small private group of traders

A small group of traders with big ideas

    Smith & Nephew SHORT


    Posts : 50
    Join date : 2010-08-25

    Smith & Nephew SHORT Empty 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

    Smith & Nephew SHORT Smithn10

    Limit orders set to close trade

    see chart

      Current date/time is Mon Jun 24, 2019 2:37 pm