TFMS Position Trading Newsletter pick

Discussion in 'Trading' started by Brandonf, Jul 20, 2003.

  1. Brandonf

    Brandonf ET Sponsor

    Ashland, Inc (ASH) is a downtrending stock making lower lows and highs. You can see this on the monthly chart. Over the last several months it has risen in a counter trend manner, forming a bear flag, to an area of price and moving average resistance. Look for shorting opportunites in ASH if it trades under $30 with stops above $33.85.
  2. Brandonf

    Brandonf ET Sponsor

    XLNX monthly chart also looks nice for a shorting opportunity.