Entry: 3.69
Stop loss: 3.83
Went short after NAN broke out of its recent consolidation today.
Would have preferred a higher volume to accompany the breakout though.
After a small uptrend in the last week, price has been rejected for the fourth time since October. Accompanied by long wicks to the upside suggesting bulls are losing control, even more confidence with the most recent Shooting Star candle that formed on the daily. Long wicks to the upside on both the weekly and monthly too suggesting a pull back before their...
Short position opportunity for Nanosonic.
Trend changed to bearish after it failed to make a HL on the daily time frame. Bearish on the weekly with a big red candle at the top of the trend taking away all of the gains from the previous week, the week just gone showing another big red candle, suggesting the bears are completely in control. Also showing long wicks...
