Optimus /GS / JDF7 :------31 Mar 2015 09:34
Good Morning All --------
Optimus :---- I've just gone short of JE , can't do the DFT with Finspreads , only accepting longs !!----- so gone with IG this time ---
Just Eat are going from strength to strength since their floatation and the chart shows a break-out from the near perfect uptrend since then -----
Not a broker in sight saying anything other than BUY , altho' current level has beaten some of their targets already !!-----
It is , as you know however, overbought short-term and i would expect a pull-back to at least the top of the old channel line which is currently around 420p ----50% retrace puts it down near 400p which would be nice , but this one is eventually going higher in a new uptrend ---much like we both posted about ITV the other day ----
GL ------