srmatthews888

Cineworld looks a tempting short

Short
LSE:CINE   CINEWORLD GROUP PLC ORD 1P
LSE:CINE

Price over the last 2 days looks like it is presenting a selling climax, volume has been much higher than the last couple of weeks.

The shorter price body from todays trading, with an upper rejection wick and with almost the same amount of volume as yesterday looks like it has clearly identified some strong selling at this level.

Looks weak ahead.