| RT | Short | if it breaks 8.50 sell |
The weekly chart of RT looks like a great short:
There is resistance at 8.50 to 9.00. A break of 7.70 would start another round of selling. My stop is at the 20EMA at 8.22. The only thing that does scare me about this chart is the inverse head a shoulders pattern. So a tight stop is needed. If it breaks above 9.00, this may be a good long. But for now I think the downward pressure of the market will not allow that pattern to be completed.
This makes up for the crap trade on CATY and CENX.
And for your listening pleasure
