Kaza- Long or short?

This is out of the ftse 100 later this month

Could possibly lead to a lower price?

www.bbc.co.uk/news/business-21692178

I'll go for LONG....




This is just one possible scenario. Did you notice how often this retraces back to the 61.8%?
I have a target of 870-910.

This ones right near the trend line and 200sma and the 38.2 fib today.

Hi M8

Would agree with your sentiments, I would just keep my eye on the Macd over the next day or so and if it makes a higher low then its still bullish and stand a better chance of an bounce.

Gud Luc

I know is dangerous to go long now, when indexes are due for reversal but this one has a lot of supports in 735-725 area
-38.2% fibbo taken from 05/09/2012 low
-61.8% fibbo taken from recent wave 2?
-Trend line
-200MA and 100MA has just crossed

Question for Remo or anyone.

The H&S and Inverse H&S in the learning section are over about 4 months each, if Inverse H&S for KAZ that would be over a year, is that still valid?