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Progress on Goldman Sachs Bollinger Band breakout

September 10, 2012

10 September

Last week, the Bollinger Band breakout on the pair of Goldman Sachs (GS) v iShares Brazil (EWZ) was given and this made 4.9% on the week.

Gs_rel_ewz_daily_100912

You can now take some profit and move the stop loss on the remainder to break even.

Remember though, this is a medium term position (weeks to months). Whilst there can always be pullbacks, the best examples of these trades do not pull back far or for very long.

 

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