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back of napkin TA on ZION      6-Nov-09 03:56 pm    
looks like a nice inverted H&S on the 6 month...downside target would be 10ish

Stock is currently at support at the 200DMA, which it has pinned for 4 days after breaking the lower BBs on the collapse from 19. MAs are heading toward bearish inversion again, as the 50 started to curl down when the price failed to hold that level, after trying in vain to break back above it for 3 days.

this is the last line of support here, as we're also at longterm trendline support off the march bottom. If zion fails here, the downside target should be mid singles to retest the march bottom.

Verdict: Sell on any material break below current price levels.
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TravIsGod


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back of napkin TA on ZION
TravIsGod Not rated 6-Nov-09 03:56 pm  
 
sorry, meant nice REGULAR H&S on the 6mo daily cha...
TravIsGod Rate it 6-Nov-09 04:03 pm  
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Zions Bancorp. (ZION)

Chart for Zions Bancorp. (ZION)
On Dec 4: 13.06 Up 0.47 (3.73%)
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