DEO, NYSE due for meanreversion LONG

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Diageo Plc             had a nice gap down 2 January that moved the stock into oversold territory based on Quant based approach that I have used for a very long time. I have traded US stocks under certain criteria with live recommendations since last January 2014 and until late autumn with fantastic results that I will publish here shortly. The approach is simple and based on testing from both ETFs and especially SPY             back many years to get the quant basis for this setups. I will also publish these results shortly.

Today this stock is one of the promising candidates. I recommend going long on the stock primarily on the close we had on 2 january. But often you will get even better setups going in the following day. You can either enter market (regardless if price gaps up or down or opens at Fridays close.

I have tracked the results with best results going long the following day of the signal on daily setup with either enter at yesterdays close or better or preferably at a limit 1% below the setup bar.
Stop and target is dynamic. That means I have both stoploss and target at CLOSE above 5 MA on daily. If you would like a faster partial exit you have multiple choices for that. I suggest if you want to use partial exit to look for exit on close above 50 CRSI or 70 CRSI. My prior setups that I have logged have all been based on exit on 5 MA.

I have already posted several of these setups already. I have to add that some of the earlier published setups have not has as strict filter setups as this one that is based on my proven system.

Long at 112,24 or better OR Limit 1% below 112,24
Stop 5 MA
Target 5 MA ( Optional: Partial exit @close above 50 CRSI or 70 CRSI)

REACHED TARGET: Another winner 8 January.
Reached TARGET: Another winner is taken from my setups today 8 January.
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