Post by Deleted on May 17, 2017 15:42:05 GMT
Somewhat encouraged by both price action and volume today. The volume is running heavy, will above average. The shorts and panicked longs at the open tried to drive the price down, but mad only about a 5 cent lower low.
Now the trading is well up on the day.
If, and its a big if, the price can close at $7, or close to it, by Friday (hopefully sooner) I would consider yesterday and today a successful retest of last week's lows. If so, the price should not trade close to the $6.50 again for a long time, hopefully never.
Now the trading is well up on the day.
If, and its a big if, the price can close at $7, or close to it, by Friday (hopefully sooner) I would consider yesterday and today a successful retest of last week's lows. If so, the price should not trade close to the $6.50 again for a long time, hopefully never.