AZN

screencast.com/t/ayT1HvXHV

Hey RC, thankyou for the reply. Not often someone tries to prevent you losing money in this game and I appreciate it.

I've annotated the chart with my plan. It may not be a good one and perhaps I've not give enough weight to the break. Can't stress enough how keen I am to discuss this type of thing as I'm not doing this for the thrill of the ride, I'd like to make money.

The plan was
Shooting star suggesting a turn on the daily
Bearish divergence on MACD histo, RSI and Stochs.
Stop a little more than halfway up the shooting star and target in the region of 2900-2940 (My limit is currently set at the top end of that range).
Would also be very happy to discuss trades offline if you're interested.

Just a word of caution mate

Look at the monthly chart (you can see the same on weekly chart as well)
oi50.tinypic.com/2ugh3tf.jpg

theres a horizantal resistance and a oblique line of resistance
it has made a convincing close above the oblique line of resitance and also its making HH and HLs
Your trade is against the TREND

Do you have a trading plan for this trade?
Whats your R/R ratio?
Whats your target to exit?

GL with your trade

I've entered this trade. Thanks RMc/Remo

This has been posted in chart school by remo but just adding the RSI divergence at support

screencast.com/t/WzL7kjcce

RMc