LLC.AX: Good short setup
A short on Lend Lease prior to earnings. RSI approaching overbought and price towards top of channel resistance. Look for a volume drop off or a bearish candle 19Jul to confirm the reversal. 5:1 risk:reward as shown but can adjust entry price down to be more confident in a fill.
Note
Note:The large project announcement with Google may push this through the resistance line, tomorrow will be important.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.