Monday, July 27, 2009

R COM- short term


R COM looks good on the charts as the stock has filled the post election gap up to 235-233 and also has climbed over its gap top of 260. 61% FIBO ratio of the recent rise from March to post election high is at 277.A close above 283-284 can take the stock up to 302 and then up to 326, the stop loss for this trade can be a close below 377 or 360 as per ones risk appetite.

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