Bullet Point – $2.66 Tested
The equity has broken the 50 day EMA and tested the $2.66 level I spoke of on volume. Watch close. If $2.66 breaks it will test around $2.60 in my opinion.
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3 Responses to “Bullet Point – $2.66 Tested”
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And just days ago the mid and high 2.70’s was the great level to buy and be in the stock. I don’t get it myself. Also don’t understand why after that 45 mil was bought and drove the stock to 2.80 in seconds that the stock has pretty much sold off ever since. I am at a total loss of what goes on with this stock Spencer.
There are wrinkles all of the time. The equity bounced off of the 50 day several times. That is typically bullish. I have been warning of the potential of breaking it, but there have also been bullish days. The key levels are what you want to watch. Now $2.60 is a key level. If that breaks we test $2.50 in my opinion
Yep and on and on down not bullish. I know this now..this stock is strange and when it hits highs like it does 2 or 3 times a year it is probably best to get out of it and sit back and watch it’s action for quite a while because it always ends up falling again and usually a fair amount and resetting. If I had just simply waited once again…for some crazy reason I find myself constantly saying that every time. I know…next week or the one after it will be back up again.