H&S, nice buying opportunity?

Sep 12, 2016

Pretty clear cut Head & Shoulders pattern here that has now created an interesting buying opportunity. At least for the short term. MRU has now hit the top part of its first support range and bounced off it as convincingly as it did in late June. Interesting setup right now.

Sep 13, 2016

Note

Will most likely start a position here tomorrow or Thursday if markets start to calm themselves a little.

Sep 14, 2016

Note

Nice reversal candle today. Low volume is a bit a of a drag but we're getting close here.

Sep 16, 2016

Note

Still very much in play for short term bounce (3-5%) as anticipated. Hammer candle with volume should mean a good start to next week.

Oct 24, 2016

Trade closed manually