Thursday, September 17, 2009

Magna International (MGA) - Looking to short / Esperando para cortos



English-
MGM - The stock is at support level and continues to look weak. Look for a break below the 41.00 level to enter shorts for a move down to the 36.00 level. If the stock should bounce before the support is broken, look to enter shorts near the downtrend line near the 44.00 level.

Español-
MGM - La accion se encuentra en soporte y sigue debil. Se busca una ruptura de los 41.00 para entrar en cortos con objetivo de los 36.00. Si la accion hace rebote antes de la ruptura, se espera abrir cortos en la area de la linea de tendencia bajista cerca de los 44.00.

Posted by Alpha Lobo Trading at 2:53 PM

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