Yesterdays plan was to sell a rally to R3 area at 5889 price got to 5876 into the close and faded as the ftse failed under brexit news so a nice trade near the top of the channel.
Todays plan is the same sell a rally up to R3 look at entering around 5930 up to 5946. Price is extreme gap up above yesterdays high and looks to be closing. I would like the closing gap to remain open. cbol 5900 could be the top for the day but for me selling higher will yield more profit and any stop you may want to use will be smaller.
So what I will be looking for today is price to come out of the channel or touch the side and fail.
ASX Morning call 7th Nov
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Last
7,783.4 |
Change
101.000(1.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.4 | 7,784.0 | 7,682.4 |
| XJO (ASX) Chart |