Thursday, 2 April 2015

[Bearish Setup] - SPN (NYSE)

A week ago, I mentioned a shorting opportunity for SPN. But when the market opened, it did not hit our entry price.

Today, SPN has yet another shorting opportunity.

My entry price will be $22.46, stop-loss $23.67 and take-profit $20.88

The risk reward ratio is 1.31 and I plan to risk USD$200 on this trade if it hits my entry price.

As always, good luck trading!



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