Food Empire an uptrend stock had a good run but we feel that some pullback would be good for this stock.
It has broken its short term uptrend line and today it broke its horizontal support of 0.725.
We’re looking at a possible downside to the 20ma or 0.67. Our stop loss would be at 0.785. Breaking that might see Food Empire continue its uptrend.
Remember we’ll use Poems CFD for short and not naked short.