MPEL short: toppy action with raise in volatility, good risk-reward setup
MPEL: A rise in volatility and in the average daily range lately. Lots of close near the low of the day with that spike of volume on earnings, it looks toppy action.
The last two days a tight range between two clean support and resistence lines, which gives us a good risk/reward ratio trade, shorting below support
MPEL short: sell stop 9.80, stop loss 9.98
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