Potential Reversal For Lend Lease

Array
(
    [0] => Array
        (
            [0] => ((LLC))
        )

    [1] => Array
        (
            [0] => LLC
        )

)

This story features LENDLEASE GROUP.
For more info SHARE ANALYSIS: LLC
The company is included in ASX200, ASX300 and ALL-ORDS

By Nick Linton-Ffrost

Emerging Sell

Lend Lease ((LLC)) is trading within our target zone around 12.50 which is derived from the upside break out of the November to February zig-zag pattern.

These target levels can provide strong resistance and potential reversal levels, therefore suggest keeping an eye out for sell signals such as reversal days and lower highs over the next 5-10 days.

If LLC does pull back our expected target level is between 10.50 and 11.00.

Trading tactics

Close longs or move stops up to 11.90.

Wait for sell signals over the next few days between 11.80 and 12.50.
 

Another trading idea from

Fifth Wave | fwtc.com.au                                               

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience.

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