re: jebigabre
thanks mad macs for your TA. I was concerned last week when ti went down to 108 as i felt it was a major support .
Im off the veiw if it drops dwon to 114/112 area you buybut have stop loss around 106/7 as they tend to over shoot sometime. if we see 105 i think we will see below 100. again.
also i wouldnt use the stop loss on a day trade basis . u really need a close below 108 . then i would wait for the next days trading if it pens up and trades below 108 I would reduce the position put on at 114.
in simple terms buy at 113 /114
stop at 108
s-t tgt 125 . l-t tgt 150
risk reward s-t 1.5 not that sexy risk reward l-t 6 (35/6) close enough.bloody god and will load up if we see it again or close to 114
and those are good olds and given what i found out today i think i might top up at 115 ..
hope it helps
and J it does look good technically (i use candel sticks )
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