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$SMDS - DS Smith PLC (LSE) - Potential long

LSE:SMDS   SMITH (DS) PLC ORD 10P
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2
We've had a potential long set up on SMDS with the market indicating its in oversold territory.

Todays close is a strong bullish candle engulfing the previous two days price action. I want to see price break 432 for a long or a pull back to 420-425 with some decent rejection from this level.

Financials look good, technicals look strong.
Trade active: Still long on this one.
Trade active: Half position closed at 460. Next target 500.

Comments

Been following this for the last month. why the sell off repeatedly down these last few days of trading now at 422.30
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@Borg74, sorry didn't see your message. No entry is exact hence the reason why my stop is at 400. As you can now see the trade is well in profit now. Still open and looking to take profit at 460.
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In at 427 after price rejected from 124 on the open.

Stop 400
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