Market showing signs of retracement today.
Several counters are retracing from their previous session's high.
Managed to filter out CityDev using CT1 SHORT signals.
Entry: 8.04 (1 bid below previous close)
Stop loss: 8.64 (1 bid above recent high)
Profit: 7.38 ~ 7.63 (gap support conflux with horizontal support)
Those who are interested in shorting may consider this counter. Do note however that this is a counter trend strategy i.e. you will be assuming a greater degree of risk as you are working against the prevailing trend.
*Caveat emptor - All usual disclaimers apply.
Trades are valid only for a short term time frame
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