justatrader
Long

Staples - Possible BUY

BATS:SPLS   STAPLES INC
120 0 0
Going against the general sentiment, this trade idea presents a possible long entry opportunity, with the price objective around $23.5

A tight stoploss presents a good risk/reward ratio. But there are two key TL's that will validate this trade. First, the lower TL should provide support around $13.45 region followed by a break of the TL above the $16 region to ensure a move towards $23.5
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
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