Glencore PlcShort
GLNCF Glencore PLC - Daily - Sell Short Here - Max Resistance
Updated
Rally back to high volume resistance at 2.05.
Also, 2.05 is the price level with the most TIME as well and is nearly a 100% rally from the low at the end of September.
The CCI(11) is overbought, of course, since it just rallied 9 days from 1.07 to 2.076, a full 1.00 move.
Risk 10% to 2.25
Target -20% to -25% to 1.60-1.50
Tim
10/9/2015 10:15AM EST
Also, 2.05 is the price level with the most TIME as well and is nearly a 100% rally from the low at the end of September.
The CCI(11) is overbought, of course, since it just rallied 9 days from 1.07 to 2.076, a full 1.00 move.
Risk 10% to 2.25
Target -20% to -25% to 1.60-1.50
Tim
10/9/2015 10:15AM EST
Note
Close to target at the open today!Note
1.73 low today, target 1.60-1.50Trade closed manually
Low of trade so far was 1.6440 = not too far from the target at 1.60. Big rebound near $2.00 is creating great trading back and forth across the range. (I cannot sell short stocks under 55/SH, so I can't participate). Do you own due diligence. I think it is time to walk away from this trade. Hope it has been a winner for you.
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