bagphiller
Short

ELD - longer term H&S top

ASX:ELD   ELDERS LIMITED
ASX:ELD
Inverse H&S topping pattern, short the break under 7.20
Stock is under the 200d which is acting like a lid
Stop 5.60 area. May take a while to play out as a slower mover
Nov 19
Trade closed: stop reached: Stopped 7.60
Would've been a good place to scale some partials at the low area 6.78

Comments

Short worked briefly, with 6.80 a decent spot to cover a few in and move the stop to break even. Watching to see if the pop above the 200d is an undercut or the start of a new trend up
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bagphiller bagphiller
@bagphiller, would've been stopped this morning on results, didn't gap so would've had a chance to get out as it passed the high of the undercut bar
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