Short DFX
DEFENX PLC ORD GBP0.018 LSE:DFX
DFX has increased 130% in three days and has found resistance at 50 moving average. A pull back is always highly likely after these big moves so I am looking to short the market and profit from the pull back. My first profit target is placed at the prior support line. I usually like to wait for negative divergence before entering these trades but as the increase is so large over a very short period of time, a pull back is very likely.