Oversold and crawled in this area for long time, ready to move foward
SVU seems breaking down from a triangle formation. It also broke down horizontal support at 4.50 area & moneyflow sharply down to negative side.
We think it will decline to 3.50 area shortly.
what i like in this stocks is the expansive volume and great big bars from the last couple of days I think is going to be a great breakout
SVU expected to open at 11.00 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
I am agree with Flavisam , but i made an adjustment with Nick line that needs to be broken to confirm the downtrend