Has filled the 'Gap' and now we need to see it reverse back up
to negate the Bearish 'Island Top' at the 200/MA and prove it was
just a throwback to the line chart breakout... otherwise it is down
to the lower line of the 'Triangle' at around $18.
Also to be aware of is the 'H&S' that would sink it down to
around $11. which would be a capitulation move that fulfills the
Bullish 'Wedge' final leg shown on the monthly...
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Posted by saturn6 on 19th of May 2015 at 11:21 am
Has filled the 'Gap' and now we need to see it reverse back up to negate the Bearish 'Island Top' at the 200/MA and prove it was just a throwback to the line chart breakout... otherwise it is down to the lower line of the 'Triangle' at around $18.
Also to be aware of is the 'H&S' that would sink it down to around $11. which would be a capitulation move that fulfills the Bullish 'Wedge' final leg shown on the monthly...