Due to the lack of quality gap setups this morning, we are going to go with a different type of set-up for the ExacTrade Of The Day.
Today, we are looking at the recent consolidation in BVN, over the past month or so. It has continued to act weak against the strong market rally. We are going to look to take BVN short on a move below $24.37. Wait for a break of that price before entering short. First target will be $24.13, second target will be $23.89.
Manage the last piece with a trailing stop, remember to always use a stop.
BVN, Buenaventura Minas
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