Tuesday, May 10, 2011

10th May 2011–Pattern Study–Calling all robbers !

Ticker:Temp

 

  1. C, BAC

 

Topic:

 

  1. Citibank reverse split - Normally this is not a good sign.
  2. Citibank is opened to all robbers (SHORTers).

 

Lesson Learnt:

 

  1. Looks like it is giving more chances to the SHORTers.
  2. Stronger support is at $43.00.
  3. MACD shy away from the 0.0 line.
  4. OBV keep going down.
  5. BAC is not looking good either. More potential to fall.
  6. A fall on C will definitely triggered BAC too.

 

Intraday Chart

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Historical Chart

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