Ticker: DOW
Direction: SHORT
Entry Price: 51.36
Current Price: 51.36
Description of Chart:
After being in a wide range of the 40.00 - 53.00 area since the end of 2013 I feel we have hit a top again. If you look at action on the bollinger band you will see each time it looks like the centre line is about to cross over the 50MA (RED), each time it has done this we have had a large move down. This is starting to happen again in this stock and is why I am short for the foreseeable future! Ultimate target is at 40.00
I also manage money for other traders, you can invest and I will trade to seek greater returns for you! Visit my website for more details.
Website: www.lukelehepuu.com
Direction: SHORT
Entry Price: 51.36
Current Price: 51.36
Description of Chart:
After being in a wide range of the 40.00 - 53.00 area since the end of 2013 I feel we have hit a top again. If you look at action on the bollinger band you will see each time it looks like the centre line is about to cross over the 50MA (RED), each time it has done this we have had a large move down. This is starting to happen again in this stock and is why I am short for the foreseeable future! Ultimate target is at 40.00
I also manage money for other traders, you can invest and I will trade to seek greater returns for you! Visit my website for more details.
Website: www.lukelehepuu.com
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