Spread Bet Cadbury plc Daily Candle Chart

Spread Bet Cadbury plc Daily Candle Chart

I believe that Cadbury on the London Stock Exchange offers us some potential for a short trade this week following the close at 551p on Friday. Whilst volume has increased daily during the week, Friday’s candle has closed with a shooting star, suggesting that the increasing volume has met significant resistance in the market. In this case the market makers are desperately trying to move prices higher only for selling pressure to move prices back lower. With the higher volume failing to move prices higher, when combined with a shooting star candle, is often the first sign of a reversal in the trend, suggesting we should see prices fall in the early part of the week. I would suggest a stop loss above the 595 region and my only slight concern with this spread bet is the support below at 538, so this may be a quick in and out trade.

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