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TOPIC: Ryanair - coming down for a landing?

Ryanair - coming down for a landing? 26 Oct 2012 22:57 #1

  • gclark25
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Sorry sometimes I forget to point out some of the obvious indicator signals like the diverging RSI & Macd and an oversold Stochastic looking like a possible reverse.
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Ryanair - coming down for a landing? 26 Oct 2012 22:55 #2

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Ryanair_-_Weekly_-_26-10-12.png


I see a channel at its peak.

I think this is due for a potential 60+ pip drop in the coming weeks - with a 20 pip risk.

I would place my stops above 465 with my targets being 380 (or the inside channel support - conservative, 370 (clear support/previous resistance), or one of the 100 or 200smas

Not sure if anyone agrees?
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