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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