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JaDeVin
Apr 29, 2018 9:51 AM

Short-term profit target 

SARTORIUS AGXETR

Description

On Friday TecDax favorite Sartorius AG underwent a fail breakout. So I will follow the short consolidation up to the FIB level representing the lower line of the symmetrical triangle. I assume that strong resistance may likely hold a third time, so that risk for loss is acceptable.
To cover the trade, I used a put KO 1.31% warrant with a leverage of 7.

Comment

Trade is still active. Strong resistance today. I hope that it will start dropping tomorrow.

Comment

Leverage is a burden, but I keep holding and hoping for reversal to breakeven.

Trade active

Trade closed manually

Trade failed.
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