LSGOF trade ideas
Short on the weekly chart Hi all,
I only take positions on the daily/weekly chart when trading companies as they are not open 24hr and I find my win rate is higher historically
ONLY If this weeks candle breaks the previous weeks candle will I take this trade.
Reasons for to go short
- moving averages are bearish
- price has moved below the 200 MA
- 50 MA is being respected
- descending trend line
- RSI is bearish
- STOP goes above the 200 moving average
- once target is met move stop to break even and take off profit and let the rest run
Land Securities Group - punt on Spike as results publishedLand Sescurities Group, leading British REIT, will report today on Q2, very good results expected. A pattern of 10% spikes indicates a significant probability that the share price will spike again in response to this event. A punt at the current price is, therefore, warranted.
