I am still affirming my short again even though it closed above the upper channel “again”. Somewhat disappointed that it bounced back but this formation does look like a bearish harami in the end.
Still affirming my short, but if it closes above the upper yellow channel line on Monday I may need to cover.
4 comments:
With copper pullback today and $GLD retreating back to $85, I'd bet you'll be o.k. Best of luck!
I had FCX with a married Put, and I sold the stock, so I'm basically with you on the trade. I'm looking for a pull-back and point of re-entry.
--joe
Yeah me too. After the pullback i'll be long. This is a good long-term play but short term its gotten ahead of itself.
I will works on it monday..its due for a pull back..i'm lookig to short it again..maybe at 53...i'll see depending the momentum..i should close all the position last thursday..but I think he will give me back some money..
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