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SBRY 09 Feb 2014 18:24 #1

  • Jackozy
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I was looking at this during the week and figured it might be worth a short at the downtrend which sits at 356p tomorrow:


Yes, there's a bullish div in play but it's a pretty strong downtrend from recent highs so risky to go long. The big drop on 29th Jan filled a gap from a while back but since then it's traded within the range of that candle so very hard to call it until it breaks out of that IMHO.

If I go with the short my stop would be above the top of that 29/01 candle at 361p.

I reckon there are better (safer) trades out there - your Wood Group call for example.

Cheers for the heads up on these WR2.
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