ncm - chartists views welcome Tricom had a short at 13.50...

ncm - chartists views welcome Tricom had a short at 13.50 because they did not expect it to break resistence. They would have covered their position by now. In fact Friday could have been short covering day.

Whilst there is a nice green candle I would see Monday a day to sell on any price rise. My reasons are as follows.
1. Way outside the Bollinger bands
2. RSI in oversold territory
3. Stoc. in overbought territory
4. No great volume
5. Historically this has risen for 5 days and then dropped (llok at the chart)
6. The rise is too steep.
7. MACD is severe overboght area.

Retail investors will get sucked in and buy on Monday and then they will get caught to the sell off. But dont get me wrong the sell off could be with support at 13.50.

What I am saying is that if you want maximum profit then monday would be the day to sell and jump back in again depending on where it falls.
6.