Here's the daily FAZ chart, the bullflag pullback is near support, that combined with the positive divergences suggest that this pullback is about done, thus making this an ideal low risk area to be long FAZ.
Monday, December 20, 2010
FAZ Pullback/Entry
FAZ is now at a very god risk:reward area for long positions.
FAS -long financials, showing a negative divergence.
FAZ is in a positive 5 min divergence
Here's the daily FAZ chart, the bullflag pullback is near support, that combined with the positive divergences suggest that this pullback is about done, thus making this an ideal low risk area to be long FAZ.
Here's the daily FAZ chart, the bullflag pullback is near support, that combined with the positive divergences suggest that this pullback is about done, thus making this an ideal low risk area to be long FAZ.
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