j0turne
Long

Buying with volume and price increase confirmation on 10/6

NYSE:SBS   COMPANHIA DE SANEAMENTO BASICO
16 0 0
UPDATE: Took no position as this gapped up and moving down with light volume . Will evaluate at end of the day (10/6/14) to determine if downtrend is reversing. At end of the day price closed nearer low of the day than higher of the day. Will buy once Stoch . is aboe 20 and RSI continues up

Going long for a quick move to resistance at 8.37. Looking at .10/1.26% risk vs. .38/4.78% reward. Daily shows a Bullish Engulfing candlestick but caution is required as volume was lower than last three days.
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