Saturday, March 14, 2009

Suntrust Banks-(STI) - Inverse head/shoulder / Hombro/cabeza invertido



English-
STI - Notice the inverse head and shoulders pattern that has formed. The RSI is above 50 which is bullish and the stock is testing the neckline. Although we might see a pullback if the general market sells off a bit after the positive past few days, keep in mind the neckline area for the break. A close above the neckline would signal a long and we would seek a price target of 20.00 in the near term.


Español-
STI - Noten la figura de un hombro/cabeza invertido que se formo. El RSI esta por encima de los 50 que es señal alcista y la accion esta en prueba de la linea del cuello. Aunque se puede ver un pullback si el mercado en general baje un poco ya que en los ultimos dias subio bastante, tenemos en cuenta la linea para la ruptura. Un cierre por encima de la linea del cuello seria señal para entrar en largos con el objetivo de 20.00 a corto plazo.


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