Short Term Trading Week Starting: 10 Sept, page-58

I was on my phone this morning @Freehold so I couldnt really write much for my STT Tip so I'll fill in a few gaps now.

REH: Reece Limited
Market Cap: $6.8 Mil
Industry: Industrials


It looks like that last gap that REH put in was an exhaustion gap, setting up a symetrical triangle that has now broken to the downside. Well actually I'd prefer to say tomorrow well be the true confirmation of breakout but I'm pretty certain on this one. The price action has crossed the 20MA on the weekly scale and the first stop is to $10. If that doesnt hold a drop to $8 is possible. Given thats where the 200MA is at the moment its possible it could get that far, not in a 4 week time frame though.

This big boy might be a bit too big to put down for a STT tip but Lets see how it goes.