Media and entertainment company, Time Warner, has rallied some 20% since summer and is now approaching a crucial $20 level. This is the third time in 4 years $20 has been tested, serving as resistance twice before. Short-sell now for a possible price target towards the primary uptrend support of the summer rally. Stop-loss: close above $20. Go long on close above $20.
1 comment:
Thanks for all of the ideas!!! This is a really tought market and isn't exactly to rational.
Here are a couple of mine... PBR symmetrical triangle and bullish divergance on oil.
Cheers
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