FTSE350 Trade: INVP

The three options I see available are to either set a buy stop order above the high of the day, a buy limit around the 50% retracement, or look for opportunities to go long Intraday. A safer option would be to place your stop beneath the 200eMA (around 494) or alternatively you could also use the 50% retracement for your stop if using the high of Friday to enter. Although I’d like to see the stochastic generate a buy signal prior to entry, I tend to find these only happen after the move has already taken place so I’m more than happy that the indicator is in the oversold zone.

Leave a Reply