a clear support line starting around 11-23.
resistance line has been breached @ 06-05, there for waiting for confirmation on bearish reversal on 06-27 by setting entry p [rice below the candle
PAIRS TRADE:
I have mentioned this pair of stocks before and the disparity continues to grow. I was short MTN for awhile and took my loss and I was long AVB and booked a few small gains. Net-net I broke even, but I have watched this divide continue to widen this year. Sometimes I think year-end makes people make decisions or change their minds, but I suppose...
Notice the last four times that MTN surged ahead of AVB and you can see what happened afterwards. It's time to research into the history of the movement of these two stocks to calculate what drives the investor sentiment. But from what I can see here, this is a great trade setup. Now we need a trigger to get us into the trade and then risk parameters before we...
