Friday, March 27, 2009

APOL Possible Short

APOL is setting up as a possible swing short in the next few days. It currently sits at the 62% Fib retracement from the swing high/low and setting up beautifully on a stochastic overbought indicator. Last few sessions volume has been drying up too.

I'd be looking to short on a move down below $75 (yesterday's low).

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