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10/30/98 Argentina Fund (AF) [Weekly Chart] Points to watch: Closed End Fund is overbought on daily chart. Daily stochastics dropped below 75 from overbought territory. Daily RSI is indicating short term weakness. Weekly stochastics and RSI are in uptrends. Weekly MACD has given a buy signal. Weekly trend is up. Fund is having trouble breaking through strong resistance band at 9.5-9.86. Downside support exists at 8.81 and 7.95. Look for a pullback to support. Buy on a successful test of these support levels , at a price of 8.81 or greater. |
