2waytrading

Downside Breakout

Short
BATS:RNF   None
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Though price seems oversold, it looks the downside pressure is to continue next few months. Any pop up is opportunity to add short position. Expect a range trade between $37-$33 before it heads to $21 area. If you are short from vilated horizontal support stay and make your stop loss at recent swing high $36.42 area with target price $21 Join us http://www.woowtrading.net