Sunday, December 26, 2010

For the brave heart

TLT has formed divergences on MACD and RSI and is also showing a gap on 12/17 which looks like a breakout gap. Price above 94 looks bullish to me. There is a cluster of resistance between 96.80 to 98. Initial target would be this cluster. If it fills the breakout gap then Mr. Market has some other plans. Plan your stops and manage your risk/reward. As always, please remember financial markets are probabilistic and not absolute.


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