Trade: Sell DOTD DotDigital (Double Top, Possible Bat Pattern Formation)

Trade: Sell DOTD DotDigital (Double Top, Possible Bat Pattern Formation)

Snapshot:

DOTD Short Double Top Bat Pattern
DOTD Short Double Top Bat Pattern

Reasons For Trade:

1. Double top with bearish divergence

2. 50% Fib has been hit already

3. 0.886 fib confluence with 1.618 fib

4. 1.618 fib confluence with 200 sma

5. a Price gap around 200sma

Stop Placement:

49p

Targets:

First Target: 35p

Trade Execution:

Take position on market now

Concerns:

None

Planned News/Events Expected:

Unknown

Post Execution Review:

 

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