132 3 0
Notes on chart, but here is how I would play it. As long as the 13 day EMA is under the 25 I would remain bearish . If the 13 goes under the 50 which hasn't happened for a long time I would be even more bearish . Remember that the overall trend has been up since December 2012 so don't get faked out. The safest play would be a long play and wait for the 13 day to cross over the 25. I wouldn't be surprised if it went down to 18 before resuming the trend up. HAPPY TRADING!
A breakout above the descending resistance line on 9/4 was met retouch two days later only to gap up the following day then with extremely strong volume.it went higher the next day. Pattern has been in a bull flag formation 11/29 with a new breakout.
I'm long on this new breakout using DITM call and a sold call.
Well.... The 13 crossed the 25 but with a near 10% gain! The resistance line held up as a support once it broke over it. I will keep an eye on this one. 9/9/13
The 8 and 13 EMA's are getting ready to cross the 25. This will be a very bullish sign. There is a gap zone between 19.66 and 19.85 which formed a few days ago. I would use this zone as new support and buy on a pullback closer to these zones to minimize risk. 9/4/13
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