Well made it down to the 50 area, next stop for a test is 49
49 could be the next stop. that's been a strong support if it breaks that it could drop farther.
It appears to be in a down trend or for sure side ways move be careful here. Longer wicks on the bottom of the 30 minute chart shows buyers are not wanting to let this drop, however it appears to be correcting, I will be looking for bullish candles at least 3 in a row on the 30 minute chart to show some type of up swing before i jump back on board.
Watch this close with tight stops or it will be costly for day trading fore sure
Educational use only I'm not a analyst or a time traveler :-]
It appears to be in a down trend or for sure side ways move be careful here. Longer wicks on the bottom of the 30 minute chart shows buyers are not wanting to let this drop, however it appears to be correcting, I will be looking for bullish candles at least 3 in a row on the 30 minute chart to show some type of up swing before i jump back on board.
Watch this close with tight stops or it will be costly for day trading fore sure
Educational use only I'm not a analyst or a time traveler :-]
Comment:
The price drop cause New law US audit on China companies is trying to pass