INAQ - Key levels as of 6 Jan
I see INAQ as quite a simple prospect:
* Had an initial range up to high 13's (best place to get in to this instrument)
* Second range is between 13.8 - 16.00. Currently flirting towards the bottom part of this range
If the pattern repeats we'll see a third range up to the 18-20 mark. Or, it could surge up if there's a suitable catalyst.
For now, I've got a 1/3 position as I expect this to do very well end of Q1, but my entry wasn't brilliant and I'm a little late to the party.
As per my trading rules, I've bought this close enough to a decent support, and will have a stop in place if this looks to break lower. I would have gone in harder, but that would be bending the rules a little too far. I'm really trying to be disciplined this year!
If this does go back into first range it's a major buy and I'd be looking to increase my position (would qualify as being 'early' again I suppose).
* Had an initial range up to high 13's (best place to get in to this instrument)
* Second range is between 13.8 - 16.00. Currently flirting towards the bottom part of this range
If the pattern repeats we'll see a third range up to the 18-20 mark. Or, it could surge up if there's a suitable catalyst.
For now, I've got a 1/3 position as I expect this to do very well end of Q1, but my entry wasn't brilliant and I'm a little late to the party.
As per my trading rules, I've bought this close enough to a decent support, and will have a stop in place if this looks to break lower. I would have gone in harder, but that would be bending the rules a little too far. I'm really trying to be disciplined this year!
If this does go back into first range it's a major buy and I'd be looking to increase my position (would qualify as being 'early' again I suppose).
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