LNR.to (TSX) ~ Bot Linamar @ $62.03 (Target $65 to $67.00)
- Thread starter Gasper
- Start date
At first glance, you're going need a minimum of ~300,000 shares with +OBV and +ADX to punch through resistance at ~$62.40. If you're target is $65-$67, you're going to want a pullback (if it punches through and closes above ~$62.40) and base there for a few days. It's a good looking chart, just be careful.
Good luck!
Good luck!
You're pretty good Gasper... why don't you pick some American companies.
Well I guarantee you I'm quite average my friend....why the Toronto Exchange? ....because I live in the Toronto area and so investing here I don't have to keep converting currencies when there are good buys on both sides. Having said that, ...what do you think of MOS (NYSE). It looks highly likely that DOW has another upside leg coming up soon. MOS is currently sitting on strong support & could go to $37.00 ??? ... what do you think?
$60 is good start. You may want to give this one a longer leash, and still keep a decent risk/reward ratio. The key here @Gasper is volume. You need to watch the volume, you need +OBV and +ADX.
_______________________I added another swing short today. Short $PZZA @ 78.71, S-79.41, T-76.74. This is our second time shorting it, and don't mind hitting the same real estate twice.
PZZA looks very bullish to me & the DOW has posted some some signs of a strong uptrend. I don't short alot, but hope it works out well for you! Why don't you go long on MOS. It seems more likely to generate you some $.