So I go long on BIL

[HungryPunter]

So I go Lomg on BIL and it closes 3c above my entry point. I love this game, I did not see this outcome. Well above my stop loss but this does not provide me with confidence.

[Russ]

Bil is in a clear up channel since about 1 July.The problem is it's overbought-check the rsi and sto on the daily chart.Rsi also showing a slight sell divergence in my view.As a rule I would never go long when a share is overbought-it might work but is riskier.at the moment it is about midway between the support and resistance lines.I would rather buy when it is at the support line of the channel and/or is oversold.Then you can have a stop just below support (closing price,not intraday). just my opinion

[Rams]

I agree with Russ, all the technical indicators confirm a sell signal.The risk outweighs the benefits of testing the technicals at this level, so I would get out of this share and move on to another, like Anglogold(ANG).

[HungryPunter]

Thank you closed my position with a small profit during the day.