mgonzalez0521

mgonzalez0521

small divergence on the ROC and and oversold conditions on the stoch has me speculating on a possible reversal still waiting for confirmation before entering long. if price doesnt hold at support look for a short entry

mgonzalez0521

the indicators have me leaning towards more of a short play with the ROC crossing below zero but still waiting on any confirmation in price box before entry

mgonzalez0521

possible double bottom with oversold confirmation waiting on a point of entry

mgonzalez0521

coming to a strong point of resistance with oversold signal on the indicators wait for a bounce

mgonzalez0521

price is getting close to its major long term trend line after the huge rally after the 10/21 earnings report the price became overbought and the major long term bullish trend was exhausted. after a 6 month negative trend the bulls have rested and the price is ready to continue its long term bullish trend.

mgonzalez0521

ive noticed the market tends to consolidate around the 50 MA untill until the 200 MA catches up bouncing the trend to new highs. possible consolidation between 2090 and 2060 zone until the price catches up to the 200 MA we will ether see new highs or a break down. i expect continued volatility for the next month or 2 but its very possible the trend can still...

mgonzalez0521

ive noticed the market tends to consolidate around the 50 MA untill until the 200 MA catches up bouncing the trend to new highs. possible consolidation between 2090 and 2060 zone until the price catches up to the 200 MA we will ether see new highs or a break down. i expect continued volatility for the next month or 2 but its very possible the trend can still...