CJ has been trending down on a daily chart.
Chart below:
Following a small pull back, I am now considering short positions.
My moving averages have crossed to the short side and I am looking for a short position as detailed below.
Levels and Chart below:
Entry: 92.05 (1%)
Stop: 92.45
1st Target: 90.90 (2.9%)
2nd Target: 89.30 (6.9%)
Final target: 88.00 (10.1%)
I will move the stop to break even eliminating the risk on the position when price tests 91.75
I will update again when the position has been opened.
Regards
MDT
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