warhog

Good Quality Mean Reversion Trade

warhog Updated   
ASX:EML   EML PAYMENTS LIMITED
The stock has broken out of it's downward trend and side winding at the moment, there is a strong possibility for a mean reversion play - not the best RR but the probability of a mean reversion move is higher on this stock. Market conditions still make bullish trades difficult. I had bought and sold the previous support and now looking for a longer uptrend. Stop is tight due to market trend.

Open: 0.65
Target: 0.92
Stop: 0.63

Trade Active
Trade closed: stop reached

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