If you have been following Antofagasta you will know that we are now 180 points higher than the buy price I gave you in early January, thats 180 points from a very low risk trade – even I am surprised to be honest but then I do have something on the wall of the office that says “The market often surprises” – as a reminder to follow rules!
This week we want to take a look at British Land CO, you can see the levels highlighted on the chart and these are our current key levels, we want to be long above 665 and holding our stop just below 639, obviously we can scale out a bit if 665 is breached and if stopped out of the long below 639 then we will enter the short once a day or two has been spent trading below this level.
Those of you who are regular viewers of the blog will know that we tend not to put too much faith in targets for trades (That would be prediction, which we avoid) however I would suggest 750 as the initial target (level of resistance) further out above this level and 900 we could be looking at the trade of the year here with massive upside potential. As always if you would like to learn to trade the stock market then please get in touch!