Jump to content

Will Sophos rebound?


Recommended Posts



I was just curious about peoples thoughts on Cyber security firm Sophos. Purchased in Jan 18, I've taken a bit hit recently and the downwards momentum looks slightly worrying. Is this a ride the storm or get out now situation....? :smileysad:




Link to comment

Hi .  Good question, no real reason given for the big gap down in early Feb,  http://www.cityam.com/280251/sophos-share-price-plunges-despite-solid-trading-update


The chart is trying to turn and today's bar is encouraging and looking to be engulfing but price still has a lot of work to do with two levels of resistance to work through and could reverse again at either. The chart is currently bearish after all.


The bigger test is at the arrow where there is solid resistance as well as the 100 ma to contend with.


Watch the daily bars, if price reverses again here I would just get out, if price takes this level (473.6) get a stop behind it as soon as possible and if price continues up think to move the stop up to behind the next resistance level as you go, they are important levels and you don't want to see them breached to the down side again.


If you entered in early Jan that would have been a fair dip buying entry though a stop loss just below would have been advisable.

If you bought late Jan that would have been a fair breakout entry though again a stop loss not far from the breakout level in case you were wrong would also have been advisable.


Sometimes it takes a couple of goes to get the entry right but if the initial stops are relatively tight then no real harm done but this one got away from you due to that unexplained gap.


Sophos Limited_20180321_13.17.png





Link to comment


This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 10/06/23 12:05
  • Posts

    • Why isn't there a way to set options stop loss on IG platform?  Are you planning to implement this feature?
    • Hi,  I started trading Brent Crude Oil in IG platform but I could find a formula to correctly calculate the size I have to put while creating a position, based on the available amount I have. The quotation is based in points and it makes me wonder how operate. Any help is welcome.  Also, I plan to work with some leverage in the future, so any tip on this matter is also welcome.  Thanks.  
    • Greetings fellow traders, I am thrilled to share an exciting intraday trading idea for EURAUD that could potentially boost your profits. At Gold Signals by Professor, we have conducted a thorough technical analysis and confidently recommend a Buy position for traders like you. Our analysis indicates a significant development: EURAUD has managed to sustain itself above the crucial level of 1.60927. This breakthrough suggests a positive momentum, with potential targets at 1.61500 and 1.61800. To mitigate risks, we advise setting a stop loss around 1.60375. In order to maximize your trading success, it is vital to stay well-informed about the latest news and events that may impact the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can influence the price movements of EURAUD. Please note that the momentum of the trade can be influenced by unforeseen events or news. Therefore, we will be updating this level regularly in our channel to ensure you have access to the most recent trends and analysis of Gold and its trading potential. Wishing you all a prosperous day filled with successful trades!
  • Create New...