jumpy_swings

LLC.AX: Good short setup

Short
ASX:LLC   LENDLEASE GROUP
A short on Lend Lease prior to earnings . RSI approaching overbought and price towards top of channel resistance. Look for a volume drop off or a bearish candle 19Jul to confirm the reversal. 5:1 risk:reward as shown but can adjust entry price down to be more confident in a fill.
Comment: Note:The large project announcement with Google may push this through the resistance line, tomorrow will be important.
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