Short

Counter-Trend Masochism, Part 2

Another trade that says in big neon letters, Don't Do This

If you have a penchant for masochism, and don't see the sense in the broad, thoughtless rally in SA Inc, then note the following:
- RSI at 80 is ready for a downtick
- MACD, still strong, has started slowing
- Momentum has stalled in the last 3 days, some long wicks on both sides of the candle

Price currently also in a well defined supply area, offering clearer stops and some decent muck in the middle to get out in.

I'm shorting at or around R145.00, stop/shucks I'm wrong at R149.50 and a TP of R128.40 gives a risk reward of 3.8

But don't bet the farm. This trade screams bad idea.

unclecool787

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

unclecool787