Thursday, July 12, 2012

Supergroup

I mentioned earlier this week on the protected Twitter feed that UK stock Supergroup came up on the scan results and looked like a good set up for a long position (refer to chart below).
The only reason I didn't recommend taking the trade was that no guaranteed stops were available via IG - preservation of capital is always the No.1 priority, and this stock has got a few price gaps in its chart. Too bad, as today the stock went up 17%, along with opening up the possibility of trying to close one of those gaps.

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