AcolyteTrader

Short position on DCP

Short
AcolyteTrader Updated   
JSE:DCP   DIS-CHEM PHARMACIES LTD
Parabolic moves in stocks sometimes retrace 50% of their move. Everything about this short idea technically is screaming don't do it but its worth looking at the other side of the trade. Stop @2808 Entry @2752 Limit @2585 . P.S This is a risky trade.
Trade closed: stop reached:
Looks like Im out for -1.5% loss on this short, and no I will not be covering this short because I'm long $DCP from 2400c

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