Volume wise, more volume on Sell signals than on buying sides, but it has gone up a bit recently. The options/puts ratio although interesting as it was twice today, can change tomorrow just like it today for yesterday. Daily MAs up to 200 were violated and it is trading way below some time ago. It violated the years up trend from at 40.60 (zoom chart out). Also It...
The graph is at the intersection of the lower boundaries of three trends. So, the movement will be to the upper border of one of them. The size of the gap indicates the minimum movement. EMA 200 presses up-this, too, can help us.
Also, as a close stop.
Pattern reversed at .886 XA - but has not hit an "important" retrace level. I do wonder, with the rising 50wma nearby,
if price might turn around and try for the second PRZ. Just a thought.
Today' price confirms this bearish pattern. This pattern has a measured move of 23% from yesterday's close. There is more to come. I think we will see another 20% downside move next 10-weeks. If yo decide to short this security, please make your stop loss at recent swing high at $34. Join us www.woowtrading.net
