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jumpy_swings
Jul 18, 2019 5:51 AM

LLC.AX: Good short setup Short

LENDLEASE GROUPASX

Description

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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