Can see this ticker dropping first thing in morning due to it being up quite a bit for the last couple months and the previous few days resistance it can not break on the daily chart. I know a lot of people have this as a long term hold which it may go up in the future but as a day trader will take advantage of the price movements.
I'm looking for this to spike down in morning due to heavy sell at eod so may cause panic selling and people taking up short positions in the morning. I think if it dips down it will test its previous day LOD and work its way back up as it has plenty of buying interest especially for longs and investors. I still think it will have a red day overall.
I'm looking for this to spike down in morning due to heavy sell at eod so may cause panic selling and people taking up short positions in the morning. I think if it dips down it will test its previous day LOD and work its way back up as it has plenty of buying interest especially for longs and investors. I still think it will have a red day overall.
