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AdamParmer
Jan 22, 2015 8:58 PM

TLT hitting yearly resistance level Short

Description

TLT is hitting a yearly resistance level. RSI is coming out of an overbought area, MACD is offering a weaking trend, and Stochastics are dropping from the dreaded 80 level.

I am still Long TLT but this is a quick chance to short or buy puts to protect your position.

First Target: 21 EMA (129)

Second Target: 50 SMA (125)

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