Today we are applying a Mini Short Monadelphous Group Limited (MND) which recently bounced off the downtrend line and shows bearish signs.
Analysis:
MND is currently trading at $15.87.
MND is trading in a downtrend. Recently it came back to the trend, and today shows it bouncing from it with convincing entry signals. This also shows a break of a pennant pattern and there is plenty of room to the next support.
We could look at shorting this stock, but instead, we could also look at trading a Mini Short. A Mini Short will take advantage of any bearish movement that occurs. It allows us to leverage a bit in order to take profits at support and doesn’t require any further margin calls which can be a problem with short selling.