Technical Analysis of Financial Markets

Sunday, October 29, 2006

Time Warner, Inc. (TWX)

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:

Andrew755 said...

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