We have finally got our pull-back! the stock has come down to meet the trend line. The trick now is to wait to see if it holds... It is getting a little over-sold but it still remains bearish according to the momentum indicators. If the price can stay above this trend line, I think it's worth a nibble for a small bounce back to the 50 day moving average which gets us to about R240.00. keep the stop loss just below that trend line and you should be good!
Trade chiuso manualmente:
Took a big hiding on this one...Oh well...Can't win them all