Tuesday, August 30, 2011

YOKU Follow Up

Remember the earlier chart request for YOKU...

There were a couple of problems in the short term that I thought a pullback would go a long way toward fixing. The 5 min chart was showing a negative divergence which was welcomed, and YOKU has given way to that divergence, now over the coming days we'll watch for accumulation for a solid run a t a breakout.

Make sure to check out the linked post if this is a trade you might be interested in.

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