Simple Trade Setups

HLF – Resistance holding… What next?

Today 9April2013 after a significantly delayed open this morning (auditor KPMG resigned for “unrelated” reasons), Herbal Life is down 5% against yesterday’s close.  Here, it simply looks like the recent test of resistance on the monthly chart is failing.  If not right here, a break of last month’s low suggests a new push lower.

HLF - Daily - 9Apr13

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