Wednesday, 24 February 2016

[Bearish Setup] - Macquarie Infrastructure (NYSE:MIC)


I have identified a shorting opportunity for MIC and I'll be risking a little more money because it's in line with the direction of the S&P 500.

Entry: 59.41
Stop Loss: 63.22
Take Profit: 52.94

RRR: 1.7

I am still monitoring the markets right now giving it some time to stabilise before placing an order. You don't want to place an order within the first hour of trading using this strategy as it can be accidentally triggered due to the large movement in price by the market movers.

As always, happy trading.

Cheers.

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