Monday, August 17, 2009

Autonation (AN) - On Support / En Soporte



English-
AN - Stock has made its way down to the support level (lateral yellow line). Look for a bounce off this support level to enter longs. Use the downtrend line (blue line) as an indicator to enter longs. A move above the the blue line is a buy signal for a target of 20.50. If the support level fails, look for a close below the 18.00 to enter shorts for a move down to 16.00.

Español-
AN - La accion llega a nivel de soporte (linea lateral amarilla). Se espera un rebote desde este nivel para entrar en largos. Usa la linea bajista (linea azul) como indicador para comprar. Una movida por encima de la linea azul es la señal de comprar con objetivo de 20.50. Si el nivel de soporte falla, espera por el cierre por debajo de los 18.00 para entrar en cortos con objetivo de 16.00.

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