MustafaOzak23

Short BSL

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ASX:BSL   BLUESCOPE STEEL LIMITED
Yesterday BSL release its full year earning report and it was disappointing results, hence the share drop 8%. I was keeping an eye on it and what i like about it on a technical point view was on the daily, before its gap down. The price was just below 13 and 50 ema with the stoch confirming my bearish point of view, also on the weekly both 13 and 50 ema are above the price as well confirming with a slope down on the MACD. I enter on 5 min chart just below the bearish shooting rejection of the 13 ema and enter just below $11.31, still watching this stock but it might bounce back today just due to macro point of view. Planing to hold this stock for 3 to 4 days.

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