Posted by frtaylor on 27th of Sep 2012 at 12:18 pm
Interesting question! A couple things to note, there is
MACD divergence on the daily, and yesterday's hammer candle was on
average volume. My sense of the chart (as a total amateur)
is that if it did pullback, the low of Sept 4th would likely hold,
and it would be a good buying opportunity.
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Interesting question! A couple things
Bear flag or base building bottom
Posted by frtaylor on 27th of Sep 2012 at 12:18 pm
Interesting question! A couple things to note, there is MACD divergence on the daily, and yesterday's hammer candle was on average volume. My sense of the chart (as a total amateur) is that if it did pullback, the low of Sept 4th would likely hold, and it would be a good buying opportunity.