I would say the chart has looked like it was consolidating for a
while, so a drop down to previous support would not be out of
the ordinary. The real question is what happens if it breaks
this area. For now I would say be cautious with a stop below
the support area as the bearish candle is in charge until it's not.
Hope this screenshot comes up
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CMG
CMG
Posted by johnc on 28th of Jun 2012 at 08:54 am
I would say the chart has looked like it was consolidating for a while, so a drop down to previous support would not be out of the ordinary. The real question is what happens if it breaks this area. For now I would say be cautious with a stop below the support area as the bearish candle is in charge until it's not. Hope this screenshot comes up