CDTI Short

CDTI rose sharply following a Gap Up over the previous few days due to good fundamentals and a contract win with Honda.

However, the chart was over extended and volume started fading into the close on the 12th of July so I shorted on the first red day with one of my brokers who had shares to short.

I anticipate that this will follow through to 0.50 (and possibly beyond) level where I will cover.

Happy trading