Showing posts with label Sakari Resources. Show all posts
Showing posts with label Sakari Resources. Show all posts

Thursday, January 12, 2012

Sakari Resources Limited


























Sakari hitting long trend downtrend line near $2.10. RSI hitting over 70%. MACD yet to officially turn down. Opening short position at 2.08 for a try. Using risk reward ratio 1:2. Cut loss at 2.13 and take profit at 1.98. Overall market has been quite resilience. Therefore short with care too as there maybe possible breakouts.