Regular readers who followed our advice should now have established a full position at an average price of about $333 (levels of $340, $333, and $325). The rapid rise on Nov. 12 to $430 is too good to resist so we recommend taking off 1/3 of the position at current levels ($425).
We would hold the remaining 2/3 position looking for a move up to $530 where we would sell the remainder. On the downside we would look to stop out of the remaining 2/3 position if we decline back below $360, if we reverse this high volume spike upward then we would probably retest the October lows – at the moment we believe this is a highly unlikely scenario.
Zol zayn mit mazl
Succes! Veel geluk!