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bencameron21
Apr 22, 2021 5:23 AM

Nagacorp (3918 HKSE) Short

NAGACORP LTDHKEX

Description

Descending triangle has formed as part of larger down trend/symmetrical triangle going back to OCT20. Base was broken on 20/4 and the shorter term support was breached on 21/4 with backtest without volume on 22/4. Short at ~8.68 with SL at 8.95 (4c above the 10 EMA and above the base of descending triangle). Start with half size and when further breakdown on volume add remainder.
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