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