Tuesday 4 November 2014

Stock of the Day - Associated British Foods (Trade-Setup) 04/11/2014 01:30AM


Entry PointKey LevelProjectionStop Loss
Associated British Foods2700(Sell) -26202740




Associated British Foods Chart (5min) - Analysis time: (01:30 am)

Commentary
A Fibonacci Analysis on 5min Chart. Gives us some resistance levels, a entry point at 2700 (sell) and a projection of 2620. I will also be looking at entry level, placing my stops beyond 2740. Lets see how the market reacts to our level.

Disclaimer: The trade-setups are my view of the market. I'm in no position to advise you in investing in Futures, Options or other various securities. Any long/short position you take is not my responsibility.





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