Aracruz Celulose (ARA) will be on the radar for a Fast Ball continuation move lower on Monday. We will look for a short sale entry opportunity on trade below 22.95.
KBR Inc (KBR) is a Switch Hitter 50% retracement. A move lower on Monday will have us interested in the short side of this one as well.
McDermott International (MDR) set up a Backdoor Slider short on Friday. Monday’s potential short entry will be on trade below 20.15.
Finally, Reliance Steel and Aluminum (RS) is also a Backdoor Slider short setup for Monday’s trading. A possible entry opportunity on this one is short around 30.35.
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It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
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