weekend short term trading lounge 21 - 23 sept, page-18

Surprised noone has taken the obvious so .. I may as well

MEU for TA for this upcoming week.


MEU - (Copper in S Aust.) Masssive Spike today was followed by a less dramatic sell off in the afternoon. Stock has now retraced back aprox 45% of spike and offloaded many day traders/short termers and weaker holders.. I expect this flush out will continue for Several days yet before the sellers become exhausted. Wait for the volume to decrease and price fall to cease and support to enter before attempting an entry. Tight stops are the order of the day.

Spotted By: Freehold (No Stock Held)