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TheTradingBay

PTM Short after breaking out of multi year low

Short
PLATINUM ASSET MANAGEMENT LIMITED (ASX:PTM)  
TheTradingBay Updated   
ASX:PTM   PLATINUM ASSET MANAGEMENT LIMITED
Trend Analysis Chart Patterns Technical Indicators
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2
trendanalysis chartpattern indicator
Entry: 2.49
Stop loss: 2.70

Shorted counter after it broke out of multi year low with high volume.
Better odds of a continued downside move as can be seen by the down trending MAs.
Trade closed manually:
Closed position at 2.23 on 17/3 after it breached 8 SMA.
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