The shaded rectangle is a support zone for this consolidation. It is also interesting that it is getting ready to meet the long-term support from the weekly charts. Let's see what way this breaks over the next few trading days. HAPPY TRADING!
Comments
octradr
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NEXT. 10/24/13
octradr
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NOPE! That's the answer to my question. It can't continue the trend. 10/23/13
octradr
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Well...It's back to looking bearish. A nice resistance line of the reaction highs is holding up very well since mid Aug. If I had to make a call I would open a partial position and short close to 25. 10/10/13
octradr
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It is looking on the bullish side to me. Buy if closes over 25.36. 10/4/13
octradr
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Never broke 25.36.
octradr
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A close under 24 would be very bearish and signal a new trend. 10/1/13
octradr
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It is now riding the support line. This is either a great entry point or the start of a new trend. It is still a little early for me to tell. 9/24