Hi FP, The comments I made about " 48c going to get smashed real...

Hi FP,

The comments I made about " 48c going to get smashed real soon " was on the basis of the 5 & 9 ema being above the 20sma and the indicators were where I have indicated them ( green arrows @ top of MACD, RSI, AO , all on break outs and also LTR had a ripper FA announcement too, so on the basis of that info, I made that call, dont regret it one bit, cause in the end as you can clearly see with the red arrows, they immediately back checked straight after it hit 47c, clear bull trap, which happens in stock market land, no ?

There were no red flags to sell, just because the 5 & 9 ema dipped below the 20 sma ( black arrow ) , you need to allow yourself a buffer zone of 8 -10 % at all times, in this case ( black arrow ) it was less than 5 % and I had already profited on the upper red arrow, so I was only holding 50 % capital at the time and was prepared to let it drop further as LTR is a long term play for me and I dont want to be in a position of no exposure due to news flow @ Moora, but at the same time I want to profit too, bit of a balancing act.

If it was a pure trade, my reaction may have been different.

Anyway, currently the 5 & 9 ema is about to breach the 20sma, creating that nice reversal candle and I expect in a short amount of time that 48c will challenged again, this time with all indicators fully reset, RSI looks set to go, whilst the MACD and AO arnt far behind.

Good top up opportunity right now, which is what I will do.

IMO