BoneTrader
Short

Bears hidden ahead.

NYSE:CNCO   CENCOSUD S A
Today this stock ran up for +6.37%, which is quite strong movement for any stock . But important moment about this run are volumes, which were extremely low, especially for such a strong movement.

Above there is strong resistance "cushion" between $8.5 and $9.3, which was broken on 01/23/2014 with highest ever volumes, so this one would be strong resistance.

I would suggest gathering of short position starting around $8.50 and higher with stop between $9.5 and $10.
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