SUMMIT MATERIALS INC

16. Mai 2021SUM
Hi traders.

Some good paper for you for Monday's intraday trading.

What's on the chart:

1. A strong historical level formed on January 22, 2018, you can see it on the senior TF W
2. we approached the level with a big bar, the move is over 3%

Scenario:
Sell on a breakdown of the 34.06 level

Important: friends, trading on the false breakout model with two bars requires at least a basic knowledge of trading. I strongly recommend to always use protective stop orders this will save your deposit from uncontrolled risks.

26. Okt. 2021

Trade geschlossen: Ziel wurde erreicht