Monday, March 4, 2013

Week 10

Hello there!

Market developed a little last week though we still remain at a bottom. We must keep an eye at 56,000 level at the Ibovespa future which could lead us to 54,500 in case we lose it. Other way I think we could consolidate here before starting an uptrend. Here goes the chart:

What I'm watching:


Stock is holding upon the ascending trendline and forming an 1-2-3 low with MACD Line very low.

Have a nice trade!

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