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BlackbearTrader
Feb 26, 2018 8:30 PM

Hammer Short Short

Sasol Ltd.NYSE

Description

SSl recently has been recovering from a market correction. However, even tho the coppock curve and the ADX are saying this could be a buy, I see a hammer candlestick forming. This shows that the prior trend could be changing. So, I put a short position below the 50 MA. Also, volume seems to be decreasing.
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