Shorting weight watchers * Poor earnings report * nearly bounced to original dropoff point * prior hype to dropoff point was drummed up by a study paid for by weight watchers international.
Comments
jofansiwork
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let me diseagree with you.
this stock is in uptrend with resistance at 16$ and a support at 10.4$.
that is the trend range . on monday the stock will probably try to break 16$ again.
I am not seeing this stock under 10$ at short term.
GMOTruths
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On what time frame do you see an uptrend? Not the daily candles, as shown here. And the 50 crossed the 100.
Can you explain more what you see?
jofansiwork
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in time Frame 30 and stochastic-RSI . there is now a pull back and the stochastic is at the lower Point.
i entered at 13.8$ and will Exit at 16$ stop loss at 12.9$.
GMOTruths
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While it is true that price surged on that day, that is one day on a larger time frame.
You are commenting on daily candles chart going back to mid 2015-08 on a company with a recent big earnings miss.
this stock is in uptrend with resistance at 16$ and a support at 10.4$.
that is the trend range . on monday the stock will probably try to break 16$ again.
I am not seeing this stock under 10$ at short term.