FLT, Can we get a "Dead Cat Bounce" or a Rejection of S1?

By tradersedgeray
Updated
S1 looking for either break up ("dead cat bounce") or break down at this level, if the XJO rallies and has a Rejection at 5980 FLT is a short and will be in trouble. Or if we break S1 i'll be playing short till S2 as FLT has all the Fundamentals against it at this point of time.
Comment
zero dead cat bounce trading was halted, and on my platform CMC market short positions got canceled. Out come was a no trade
ASXFLTTrend AnalysisS&P/ASX 200

Disclaimer