Tuesday, November 13, 2012

Bear is winning the game for AC

The battle to break the 450 level is high and it seems that the bears are winning the game. I mentioned in my previous post that the resistance is being tested, it was slightly broken but was not enough to keep the up trend for AC. Now a signal of reversal is seen. Will it be a "U" turn for now for AC or just a simple head and shoulder fake before the bull shows its power?

But on my case, I already sold mine. The signal shown on the graph is enough for me to take a rest and watch for the mean time. A gain is still a again even if tomorrow this stock continues to go up. Caveat!

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