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SLE daily 17/05/13

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I've decided to close my longs from 6.5p and 6.95p today at 8.2p, a little short of my target at 8.7p.

My reason is that it appears to be firmly into a 5th wave up from the lows and I also have to take account of the spread and how quickly these penny shares can move. Basically, I see upside as very limited from here in the short term and would prefer to bank my profit and wait for a retrace.

I still think it'll get to 8.7p on the ask side, but the spread may be quite wide at that level as often happens at a key resistance on AIM stocks.
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Guest Saturday, 13 August 2022