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micio
Aug 23, 2017 6:47 AM

PSM - Consolidation near recent lows Long

PROSIEBENSAT1 MEDIA SEXETR

Description

Nice consolidation going on near recent lows. Could see another dip before moving up. Had a nasty sell of after breaking resistance, formed a bearish candle on the weekly. Buying Volume decent,now drying up. Looking for a steady fade next days. 33.60 would be good to start a Position imo.
Comments
micio
Broke down after guidance has been cut badly from the Company. Got stoped out and will not renter as they're major revenue stream is going to decrease over the years to come. This is now a short on any spike IMO.
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