Financial Market Analysis
By Shawn R. Carpenter
Thursday, May 21, 2009
PF Changs
PF Changs is SHORT idea that I came up with in the last couple of days, but haven't posted yet.
As shown on the chart, I expect the rice to fall down to the 200 day moving around the 22.50ish level mainly due to a break lower from the recent upward trending channel.
Stop/loss would be a break of the lower trend line of that channel. ¶ 2:29:00 PM
PF Changs is SHORT idea that I came up with in the last couple of days, but haven't posted yet.As shown on the chart, I expect the rice to fall down to the 200 day moving around the 22.50ish level mainly due to a break lower from the recent upward trending channel.
Stop/loss would be a break of the lower trend line of that channel. ¶ 2:29:00 PM
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