Shorting ACI

ACI (Arch Coal) looks ripe for a pullback trade while at the top of this 60 minute rising wedge along with resistance on the daily chart. 7.41 is my minimum target with the 5.30 level my preferred target (note: those are the actual support levels, with the suggest BTC limit orders to be set 2-3 cents above.) Suggested stops using a 4:1 R/R to one's preferred target.

2015-08-31T13:27:51+00:00 Aug 31, 2015 10:31am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting ACI