MATRIX breaks a raising channel... possible short now?
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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. Past performance is no guarantee of future success and no representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Though all care is taken in presenting factually correct data and arriving at the recommendations given herein, the readers using the information contained herein are solely responsible for their actions. The analyst or the blog may or may not be holding positions in the securities mentioned but being market participants themselves, they may be deemed to be interested to that extent.
1 comment:
Ever since it broke support at 263-261 level, it has been on a downward spiral for the last two weeks. Thursday's low of 195 was very close to its support of 190-192. It should also be noted that the fall has been on low volumes. I would suggest a buy on a move above 220 with stops at 215 or buy on declines with stops 190, with a target of 232-245.
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