TSX:RCI.B   ROGERS COMMUNICATIONS INC., CL.B, NV
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1
Even though I'm quite bullish on the overall market, I decided to short Rogers .

1. Clearly overbought and out of steam
2. Telecomm index was also quite overbought (probably due to Rogers )
3. Wasn't quite bullish on the overall Canadian market, without American support

Red - stop
Green - target

*I use a different platform for my analysis

Comments

It's been holding up well, so if I don't see much acceleration on the down move I'll exit around 42.50
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