Update on this position-
Today this has reached our initially mentioned target of 8850 (mentioned in the reference post). Although this still looks pretty strong to me, I have closed just 20% of my position to reduce risk here. Closed the 20% @8864.
Also raising the stop to 8588.60 for the remaining 80% of the position.
Today this has reached our initially mentioned target of 8850 (mentioned in the reference post). Although this still looks pretty strong to me, I have closed just 20% of my position to reduce risk here. Closed the 20% @8864.
Also raising the stop to 8588.60 for the remaining 80% of the position.
I have just sold another 20% of this position @8900. On short-term this is making a small range which might get broken out on either side. So I just wanted to reduce my risk here. It looks like it would be breaking out this range upwards. Now I am running with 60% of the initial position.