MYL

MYL, is starting to consolidate around the $23 mark, this was a poor entry point as mentioned before our entry was too high for a short. Expect stop loss to trigger soon

MYL

We entered MYL on Friday, on hindsight the entry point was too high. We need to cut our losses if price growth continues. set the stop above HOD

MYL

We caught MYL on the way up a few weeks ago, hopefully the ride down will be profitable. we will try to enter below local support.

MYL

Update after close on 2nd March

As per previous post we sold on the open, it was a quiet day for MYL, low volume compaire dto recent activity, there may be a few day consolidation even pullback to the averages then further gains maybe, need to review this chart in a few days. Exit with 9.5% profit before fees.

Update after close on 1st March

MYL had a rest day today, it is far from the short term MA’s so some form of pullback or consolidation is necessary over the next few days. MACD is still strong but it is a lagging indicator, Stochastics are more reactive and show a cross, best close this position and lock in profit.

Update after close on 26th Feb

MYL contiued to advance, up 3.1% bringing overall move to 8.8% since entry on 20/02. setting exit at 21.98

Update after close on 25th Feb

MYL has proved a good buy but the entry on 20/02 was far from ideal for options, a profit none the less.