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FollowMyTrades
Mar 2, 2017 3:34 AM

$ETO - Entertainment one - Buy Long

Description

I believe ETO is buy, my RSI and Stoch are both oversold, we also have an outside day bar formed from support on the 50 &100MA with some decent volume behind it.

Financials look good short term.

To top it off my son loves Peppa Pig!

Buy 236 - target 300 - Stop 210.

Trade closed: stop reached

Out of ETO for 1% loss.
Comments
andmk2
I've seen a few examples recently where long tails must trigger stops and the price recovers quickly. e.g. Paysafe. This is almost one of them although now it's below its 200EMA I think it's turned bearish.
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