Long
Long Lundin Mining - LUMIS
Long CHXEUR:LUMIS today (170313) at 51.20, target 50% retracement to 55.5. Stochastic increasing from below 20 and increasing momentum.
Stop at 49,7, gives a risk reward ratio of 2.9.
Longer term:
- Retrace the whole down move to 61.75 (an additional 10% upside)?
- Forming a head and shoulder with the right shoulder at 55.5? If it would trigger there's a potential 20% downside to the 40ies where there is a gap support.
Stop at 49,7, gives a risk reward ratio of 2.9.
Longer term:
- Retrace the whole down move to 61.75 (an additional 10% upside)?
- Forming a head and shoulder with the right shoulder at 55.5? If it would trigger there's a potential 20% downside to the 40ies where there is a gap support.
Note
I made a mistake when I placed the stop so it was triggered at the besinning of the day (170314), will follow price action looking for a possible re-entry.Trade fermée: ordre d’arrêt atteint
So this didn't really work out, it's been down at 48,5, which breaks my scenario. I guess that I should be happy that I messed out the stop and got out at 50.1.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.