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JanDeus

Short, Boliden

Short
BOLIDEN AB (OMXSTO:BOL)  
JanDeus  
OMXSTO:BOL   BOLIDEN AB
Trend Analysis Harmonic Patterns
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trendanalysis harmonicpatterns
Taking short position in belief that the Head and Shoulder formation will be effected. Bearish Marubozu/MA-20 cross after resistance level (5/8), charging phase and strong red Candle hopefully starting the fall down to 302. If so, the Head and Shoulder formation is completed and a continued fall down to level of support at 270 is to be expected.

Target, 302 and 270.
Stoploss, 337

Entry, 328 (16/8)
Short.
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