Planet Wealth - Australian Stock Market Education » Short Term Trade – LEI http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Fri, 23 Dec 2011 00:20:36 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Short Term Trade – LEI http://planetwealthblog.com.au/short-term-trade-lei/ http://planetwealthblog.com.au/short-term-trade-lei/#comments Mon, 02 Mar 2009 13:33:11 +0000 Planet Wealth http://planetwealthblog.com.au/?p=355
Short Term Trade LEI

At the beginning of October Last year, and large Head and Shoulder Pattern (H&S) was Identified and confirmed on the weekly chart of LEI. This set the stock up for a longer term view of bearish, with a likely target of $12.00.

This week, LEI has hit the top of a downtrend channel and weekly resistance after a healthy counter trend. A valid Bearish Down Day breaking past the counter trend, with higher volume and supporting indicators could be an opportunity for a great short term trade. Keep an eye on this one.

020309 lei Short Term Trade LEI

020309 lei 21 Short Term Trade LEI

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