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pantheo
Apr 30, 2014 7:38 AM

SOCL: Social media fund short update 

Global X Social Media ETFNASDAQ

Description

Shorted 22.90 due to fib 2.618 and bearish momentum divergence.
stocktwits.com/pantheo/message/21302291

Now price is putting a bullish wick, in a middle of nowhere, that needs attention, especially if close above 50 fib of the last uptrend. Bullish reverse divergence created, as suspected, due to the fast move.

Former demand zone became supply now above, where I guess most of the short stops are nesting.

Take care

Cheers

Panos
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