Trade of the Week


TRADE OF THE WEEK – sponsored by LiveTradingFloor

Close Brothers Group PLC (CBG)
Technical Play: Cup and Handle – Long

Entry Price: 965.00
Initial Stop Loss: 949.00
Target: 1000.00

Strategy
Short term indicators looking to break through long term indicators, volume building into the move, target the big figure of £10, news coming on Tuesday – 21/09 : move stop to break even – Move stop up to 971 to lock in profit – again move stop up to 979 to lock in more profit – getting near to target move stop up to 989 – now trading at target level move stop up to 994 – Stop now at 999 to lock in profit at target level.

Performance
This stock has moved a total of 3.5% so based on a money-managed trade of 1% risk; your profit would stand at a 2.1% increase in 1 day.

Would you like to be alerted to trades like these BEFORE they happen? Register at www.livetradingfloor.com NOW, and never miss another great trading opportunity again.

Bookmark and Share
Leave a Comment