trad3rr
Short

SHP Shire Possible Gartley Sell

LSE:SHP   SHIRE PLC ORD 5P
23 0 7
SHP Shire Possible Gartley Sell

A-B 0.786 retracement of the X-A leg

B-C 0.618 retracement of the A-B leg

C-D Anticipated 1.27 extension of the A-B leg, (and 1:1 measured up-trend move of A-B). Completing around 5426

Entry

5390 - watch and manage, may need to be adjusted to accommodate recent highs of 5330's

Targets

T1 5005 - 0.385 retracement of the A-D move
T2 4820 - 0.618 retracement of the A-D move

Stop

130 (around 5520)

Considerations

Spread can vary on this stock, so adjust entry/exit orders accordingly.
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