On the theme of trying to get into moves as early as possible I've gone long some Linc Energy at 167. I've been on the bid all day at 162, which is my preferred entry, with no success so I've bought a third of my proposed position at a higher price. It's still at a level which is just a touch above a 50% retracement of the move which began in early March. I think 160 could hold a pullback and I expect a new high or else a test of the recent high so the risk reward is still ok.
Click to enlarge
No comments:
Post a Comment