WESFARMERS LIMITEDLargo
Wesfarmers take 2# long
Actualizado
-Primary pattern is a 66 month horizontal range
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R
30 basis points of risk planned
-Of which as an unmet target of 57.31
-8 day pennant in which I tried the long side of has morphed into a 5 week flag with well defined boundaries
-Tight bollinger band squeeze on the daily
-An attractive R/R
30 basis points of risk planned
Nota
Big pictureNota
Stop buy @ 50.51SL @ 49.70
TP @ 57.17
Nota
Stop @ 49.76 prior days low.Breaking out now but on open 'retail' volume. Still keeping my buy stop above July high as I need that extra conviction for this trade
Operación activa
Order filledNota
One of my pet hates is when price plumbs my order in the morning then turns down. It is not a detractor from the setup but always makes me tense to see if price will turn up short of my stopNota
Am somewhat more at ease after today, Still dubiousOperación cerrada: precio stop alcanzado
I was wrong wrong wrong
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