Short
Xerox: Signs of a Top!
It's likely that Xerox shares will resume the bearish wave following the ongoing pullback
I am expecting a retest of the major horizontal support at 12.10. A beak above 14.00 will probably negate this scenario.
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Good luck, keep your stops tight..
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facebook.com/thefxchannel
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My best regards
Technician
- Potential head and shoulders
- Long term trend line break
- 52-week Simple moving average break
- Bearish divergence on RSI
I am expecting a retest of the major horizontal support at 12.10. A beak above 14.00 will probably negate this scenario.
Thank you for reading , be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe.
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
twitter.com/thefxchannel
facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
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