BeerCanCapital

Evening Star Pattern on A2M #ShortOpportunity

Short
ASX:A2M   THE A2 MILK COMPANY LIMITED
Evening Star patterned formed on the daily which indicates a bearish reversal. Accompanied by the fact that RSI while declining, is still oversold. A2M has had a nice run up (32%) since the 6th of November which coincides with the fact that its due for a correction.

Buy Price: $14.54
Stop Loss: $14.98 - 3% loss, just above resistance levels as that would indicate trade was wrong


Trade closed manually: Ended up closing the trade at nearly 4% profit... probably could of let it run longer but decided to take profit.

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