View Full Version : Short KBALB?
Way overbought. Recently downgraded by Matrix Research. EMA(13) is at 17.76. Price around 19.95. What do you think?
TheChartGuru
07-03-2006, 02:02 PM
Not a short yet. Today it formed a long tailed hammer(strength) and my indicators show 1 more up day. I think it will be a good short Thurs. To confirm the pull back, I will need to see negative divergence in the RSI. I love the RSI indicator. It will be more of a pull back then a sell off so I wouldn't consider it as a long term short play. I would expect a pull back to around $18. IMHO
The Guru has spoken
Thanks for you (Humble) opinion, Guru. Will wait till Thursday. I am not looking for a l/t play. If I sell at 20 and buy back at 18, 10% is all I am looking for.
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