Just entered a short position in
PRX
.
Entry @ 87,75
Stop @ 91,20 (-3,9%)
Target @ 75,20 (+14,3%)
There's long term divergence MACD (sell signal given) and RSI (sell signal given). DMI confirms with a DI - > DI + and ADX rising; confirming downtrend.
At the moment there's some gap filing going on, it's just waiting for the red rising support line to be broken and the next down gap to be made ...
Target is the support @ 75,20 which has been formed with big volume, so I assume it's kind of solid.
PRX
. Entry @ 87,75
Stop @ 91,20 (-3,9%)
Target @ 75,20 (+14,3%)
There's long term divergence MACD (sell signal given) and RSI (sell signal given). DMI confirms with a DI - > DI + and ADX rising; confirming downtrend.
At the moment there's some gap filing going on, it's just waiting for the red rising support line to be broken and the next down gap to be made ...
Target is the support @ 75,20 which has been formed with big volume, so I assume it's kind of solid.