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warhog
Feb 13, 2023 12:25 AM

Good Quality Mean Reversion Trade 

EML PAYMENTS LIMITEDASX

Description

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

Comments
warhog
news catalyst has blow away this position...stop hit
warhog
Will follow with stop for larger upside moves.
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