I'm no Steve (to borrow a famous quote), but a couple
observations: 1. it's already basically achieved the 9ema target,
which is resistance. 2. no positive divergence on the RSI daily
chart. On the positive side, the low of 22.60 on 10/13/14 is so far
holding. But with the 20, 200, and 50ma's all overhead, I'd be long
only for a quick trade.
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I'm no Steve (to borrow
Steve take a look at PRO Just broke from a daily falling ...
Posted by frtaylor on 9th of Feb 2015 at 09:24 am
I'm no Steve (to borrow a famous quote), but a couple observations: 1. it's already basically achieved the 9ema target, which is resistance. 2. no positive divergence on the RSI daily chart. On the positive side, the low of 22.60 on 10/13/14 is so far holding. But with the 20, 200, and 50ma's all overhead, I'd be long only for a quick trade.