Wednesday, October 3, 2007

LFC- China Life Corporation- Island Reversal


LFC is a hot stock but today but over the last two trading sessions, it has shown a rare trading pattern- island reversal. There was a positive gap yesteray which took the price to the high of around 95 but today there was a surprising down gap.

The stock can be sold short with a stoploss at 95.

If it comes back to 92-93$, it can be Short sold with a 2-3$ stoploss.

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