Saturday, 5 December 2009

BK: 25.6 level to watch

06/12/09: Bank of New York (BK, NASDAQ)
A very interesting, potentially powerful setup in the making. If the 25.6 support level is broken sell short, look at Put options also. Overhead resistance coming down from around the 30 level with additional resistance at 31.44, potentially bearish longer term patterns also formed. If the breakout occurs this could be a huge move, potentially to 18.4 level initially. Entry at 25.6.


No comments:

Post a Comment