TradingView
TomKirk
Mar 31, 2018 4:45 AM

Mineral Resources Limited medium term correction Short

MINERAL RESOURCES LIMITEDASX

Description

-25 week H&S (multiple shoulders)
-30EMA cross on the weekly chart
-Bol Band contraction on the daily at key level
-Boundary is not clean and has been breached in the past

80 basis points of risk planned likely across two tranches


Comment

Still looking for tighter risk as I want minimum 100 contracts for 40 basis points of risk

Comment

Stop sell order placed

Trade active

Order filled @ 16.63. SL @ 17.38

Comment

200DMA crossed on completion of pattern

Trade closed: stop reached

Stopped @ 17.18
More