Going for the centurySerious accumulation here. Looking for a move through 82.8 and on to the century!
XRO trade ideas
Buy XRO on $42 supportTheoretical trade entry point here today at open $43.02
Stoploss out 100% if trades below $34.80 (19% loss)
Targets
-$49.94
-$51.94
-$71
Xero (XRO) 4 year break out above all time highs.Looks like a great bullish breakout here to me, but I wish the volume was a bit higher.
Distance between 2014 high ($42) and lowest low since then ($12) is $30 which gives a long term goal price of $42+$30 = $72 target which would likely take years to hit. In percentage terms this is 60% upside
A stop at $37.49 gives a risk of $7.63 or 17%
Anyone else have similar or opposing views?
Time to Short the Bull - XERO Short IdeaReaching $50. Private investors bailing out, just heard someone sell 150 mil (2%) of company stake. Technically you can see the sell pressure at $50. ASX 0.63% overall is on thin ice with the big banks in trouble.
Follow me on Twitter: twitter.com
Xero long-3 Week flag
-2 year+ parabolic advance indicating strong trend
-Bollinger band squeeze on the daily
-Measured move 56.32 for a solid risk reward
-Similar characteristics to the RMD trade I had last month
30 basis points planned
Happy to have a buy stop order in the market during the day
