Bullish for Raiffeisen International (RBIV)

CHXEUR:RBIV

The trend brocke out the short term channel to the upside so there is potential for a run to 34€. Downside risk is limited - SL is at 27,9€ (Reward/Risk about 2). Strong close today confirmed short term uptrend.

Trade closed: stop reached:

The market had a downward movement and SL was triggered. Waiting next week to see a clear future direction

Trade active:

Signal was inverted. Crisis in Europe incoming with IT. Opening short position with target 23,0. SL at 26.4 (Risk/Reward: 4,25)