TSX:PONY   PAINTED PONY ENERGY LTD
Upwards breakout rejected. Short down at least to lower support line, in the $2.75 region depending on its rate of decline. Bearish cross on the daily Stoch , RSI very over sold. PPO moving down with some bearish divergence. Also remember that a rising wedge , particularly after some strong downward movement (as has just happened with PONY) is a bearish trend, and is much more likely to break down than up. This makes shorting the highs a lot safer than trying to buy at support. In this case, as I said, the first target is this lower line, with the hope no support is found and the pattern breaks downward. If that happens, our targets are the old areas of support found in the rising wedge (around $2.50 and $2.10)

My opinion not financial advice
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out