Friday, February 18, 2011

MON Trade (short)

This trade is a bit counterintuitive to me, but there are many industrial dynamics I don't fully grasp. In any case, the chart looks horrible.

 MON's daily chart is getting ugly.

 Here's the hourly

 the 30 min.

 The 5 min.

and the 1 min

All are in negative divergences or worse leading negative divergences. I thin a position could br tried in the area with a stop above $75.88

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