Intercontinental Hotels Group

12 years 10 months ago #5396 by ronnie

Replied by ronnie on topic Intercontinental Hotels Group

Just an update on what I posted yesterday, looks like this has now broken the support:

The following user(s) said Thank You: remo

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12 years 10 months ago #5365 by ronnie

Replied by ronnie on topic Intercontinental Hotels Group

This has gapped down today and looks like its heading towards support area, a finish below could signal a correction and lower prices.

DYOR

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13 years 1 month ago #3493 by Rossymc

Replied by Rossymc on topic Intercontinental Hotels Group

Redchilly

Loving your trades/posts, very clear and very to the point.
Keep them coming pal

RMc

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13 years 1 month ago #3492 by redchilly

Replied by redchilly on topic Intercontinental Hotels Group

Closed the remaining half @1875

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13 years 1 month ago #3468 by redchilly

Replied by redchilly on topic Intercontinental Hotels Group

Follow-up chart

Half of position closed today near the close of market

SL moved for the rest of position to below the low of inside bar which formed on 21st of Jan (1801)

Will let it run as a free trade

Two things to note on this trade:
1. Inside bar on 21st Jan palyed out nicely
2. Inverse H&S occuring right at the top of a strong trend are VALID

The following user(s) said Thank You: remo, Monkeyz, waverider2

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13 years 1 month ago #3306 by redchilly

Replied by redchilly on topic Intercontinental Hotels Group

Inverse H&S played out very well...nice profit