Chart.ly Chart of the Day: E-House Holdings EJ

  • Posted by
  • on February 4th, 2010
ldrogen

Today on the Chart.ly Chart of the Day we take a look at E-House Holdings $EJ with @TA_Trader.  This chart is very representative of the broader market right now, trapped below prior support and looking bearish.  If $EJ can clear that large level of resistance and break through the 20 day moving average the squeeze could be on.  Watch the RSI for a move above 50 or a rejection.  If you are looking to get short, wait for a roll over and set your stop above the day’s high.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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