TEMPLE & WEBSTER GROUP LTD
Short
Updated

TPW.ASX_Bearish Pullback Trade_Short

43
ENTRY: 3.29
SL: 3.89
TP1: 2.60
TP2: 1.90

- ADX>25
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 7 Jun 2022 and moved down followed by a pullback to near support-turn-resistance area (4.09) before moving down again.
- Entry based on today >3% rebound off 10EMA with volume .
Trade closed: stop reached

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