HamzahPatel
Long

Micro Focus International ~ Long Swing Trade

LSE:MCRO   MICRO FOCUS INTERNATIONAL PLC ORD 10P
Recently oversold with signs of a new uptrend.
Hold till overbought RSI/channel resistance/signs of bearish reversal.
Place stop loss at 2460.
Risk/Reward ratio: 6
Technicals were good, but it crashed following an announcement of disappointing sales of its software assets acquired from HP.
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