Wednesday, February 4, 2009

RIO - breakout / ruptura


English-
RIO - Breakout of lateral resistance and downtrend line (see sqaure). We see this stock heading towards the 20.00 level where the 200 day exp average is currently. Any pullback to support (yellow lateral line) should be accumulated.


Español-
RIO - Ruptura de resistencia lateral y de la tendencia bajista (cuadro amaraillo). Vemos la accion en camino a por los 20.00, zona en donde se encuentra la media de 200 dias exp. Cualquiera pullback a soporte (linea amarilla lateral) es oportunidad de acumular.

Posted by Alpha Lobo Trading at 10:36 AM

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