Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: SBRY

SBRY 09 Feb 2014 18:24 #1

  • Jackozy
  • Jackozy's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 869
  • Thank you received: 2261
  • Karma: 47
I was looking at this during the week and figured it might be worth a short at the downtrend which sits at 356p tomorrow:

SBRYdaily09_02_14.png


dl.dropboxusercontent.com/u/20815047/FTS...BRYdaily09_02_14.png

Yes, there's a bullish div in play but it's a pretty strong downtrend from recent highs so risky to go long. The big drop on 29th Jan filled a gap from a while back but since then it's traded within the range of that candle so very hard to call it until it breaks out of that IMHO.

If I go with the short my stop would be above the top of that 29/01 candle at 361p.

I reckon there are better (safer) trades out there - your Wood Group call for example.

Cheers for the heads up on these WR2.
The administrator has disabled public write access.
The following user(s) said Thank You: waverider2, buffet, ajl0204
Moderators: remo

Time to create page: 0.341 seconds