Acco Brands Short

By -

I entered a new short position earlier today, based on the broadening pattern shown below. I have highlighted the area of particular interest.

1105-ACCOfar

As you can see in this close-up, after tumbling hard, we've retraced to a level that I think represents an attractive risk/reward ratio. I've got a stop in at 7.98 on this one. My entry price was 7.63.

1105-ACCOclose