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HamzahPatel
Dec 30, 2017 8:11 PM

Micro Focus International ~ Long Swing Trade Long

LSE:MCRO1D

Description

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Recently oversold with signs of a new uptrend.
Hold till overbought RSI/channel resistance/signs of bearish reversal.
Place stop loss at 2460.
Risk/Reward ratio: 6
Chart PatternsTrend AnalysisTechnical Indicators
Comments
HamzahPatel
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Technicals were good, but it crashed following an announcement of disappointing sales of its software assets acquired from HP.
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