RossLarter

Piercing Line Reversal

Largo
RossLarter Actualizado   
JSE:REM   REMGRO LTD
A PIERCING LINE has formed on REM .

A piercing line is defined by the following:

- After a preceding downtrend,
- Green opens below previous days close, and closes above 50% of the real red body.
- Bottom reversal signal
- Candles must be different colours.


Because of this, along with the upward channel that it has been trading in, I entered a long position on opening this morning.
Operación cerrada: precio stop alcanzado:
Unfortunately it plummeted yesterday and took us out at our stop loss.

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