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Imperial Holdings- A potential "short" technical note

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Barry Dumas
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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

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 Source: Bloomberg


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