TRADE: NMX2710 – Aerospace & Defence

Aerospace & Defence has produced an Evening Star Reversal pattern at a resistance level around 3157 for a potential short trade.

The 3 candle pattern is made up of a bullish belt-hold, hanging man and bearish belt-hold candles.

Looking at the stocks within the sector shows how the sector is littered with potential reversals patterns, so I find it more logical to trade the sector.

You could enter short beneath Friday’s candle, but I’ll set up a sell-limit to achieve much higher risk/reward (should to all go to plan…)

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“Trade what you see, not what you think…”

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