Wednesday, August 29, 2007
Southern Copper (PCU) Technical Analysis, Continued.
PCU took a hit today, along with the rest of the market. PCU was able to close above the 50-day MA on Monday and last Friday. It bumped up against its former trendline, and closed below the 50-day MA today. Check out the chart below - the recent action is interesting - I'm not quite sure where its heading but I'm taking a slightly bearish stance for the next few days.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment