CityDev suppassed the H&S target on the way down yesterday and hit just 0.15 short of a mid term Trendline support. The market is likely ripe for some rebound (after yesterday's "black for swan" event!). However with the SL just below the trendline @ 9.70, which is a little farther away then I am comfortable, I would only put in half position @ 9.00 and if I don't get stopped out I would be looking to scale out along fibo levels on the way up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.