The stock of LAM ZYFIN GLOBAL MARKETS UCITS ETF PLC LAM ZYFIN MSCI INDIA UCITS ETF (LON:INDM) reached all time low today, Nov, 4 and still has GBX 8.54 target or 11.00% below today’s GBX 9.60 share price. This indicates more downside for the GBX company. This technical setup was reported by Barchart.com. If the GBX 8.54 PT is reached, the company will be worth GBX less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The ETF decreased 1.00% or GBX 0.1 on November 4, hitting GBX 9.6. About 43,044 shares traded hands or 890.20% up from the average. LAM ZYFIN GLOBAL MARKETS UCITS ETF PLC LAM ZYFIN MSCI INDIA UCITS ETF (LON:INDM) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
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