Wednesday, April 10, 2013

Short BMO at 61.64


Short 100 shares of BMO at 61.64 base on Bearish ABC weekly chart.

Not as convincing as I’ll like.  SL at 63, PT at 60 … Risk/Reward only 1.2.

2 month of congestion should provide lots of resistance at 62-63 area.

We will see can it break through with volume.

Cheers,

Hsin


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