Very good short play on Tronox Ltd. This stock has broken its upwards trend posting a lower high after 4 higher highs in a row and it is at the top of the linear regression
has bounced off of a resistance line and is experiencing decrease in volume
. The MACD
is also about to crossover to a sell signal and the Directional Movement
Index is showing a downwards trend. Also, the stock is in oversold territory showing at 65 and is about to cross under the 9 Day MA.