For hedge we took a position on SGY as it pulled back to Moving average support. It is a momentum play & we are looking for a rally up to 19.13.
You can check our detailed analysis on SGY in the trading room/ Executive summery link here- screencast.com/t/albA50iuLT Time Span: 44:20” Trade Suggestion Date: 5TH Jul Trade open: 11.70 (6th Jul)
Trading ditutup: target tercapai
SGY magic again, gaped up higher then our target price. We were able to lock 52% profit in only 6 days.
However the stock reached a intraday high of 25.40 a 100% gain from our entry.
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