Burberry

SL moved for the remainder to below todays low of 1507

My final target on this is 1544

Follow up chart



Its a free trade

Closed half - take profit -.near previous high @ 1480

Long today @ 1435
SL below 1417
Green Candle today with a HH & HL

Perfect back test this morning.
Was a good trade for a first attempt trade. There were 2 supports converging, trend line and 123 low breakout point.


dl.dropboxusercontent.com/u/4899609/brby6thjune2014.png

123 low breakout..


dl.dropboxusercontent.com/u/4899609/bur040414.png

dl.dropboxusercontent.com/u/7238706/Burb...%20PLC%20%28-%29.png

This is a great share for day-traders because it m-o-v-e-s: just look at those candles! Wow!

I think it is currently in wave v, so should be bottoming shortly. There are various levels of support in the target area so a 'Remo 1-2-3 low' will be the best ploy in finding an entry. I kinda fancy 1327 but it will need proving....

DYOR and enjoy