Imperial Holdings- A potential "short" technical note

Imperial Holdings- A potential "short" technical note

14 March 2018 / JSE Market Updates / Research Notes Posted by: Barry Dumas

I am looking to place a short trade on Imperial Holdings Limited if I get a daily close below the 23700c level. The technical set up looks like a head and shoulders of sorts and a break lower is possible in the coming days.

Trade: Imperial Holdings Limited (IPL)

Entry (Sell): 23700c
Stop loss: 24952c or above the right shoulder
Target price 1: 21879c
Target price 2: 20600c

DAILY CHART

Source: Bloomberg

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