Upper BB pushed up to $4...
Attachment 1137
Printable View
Upper BB pushed up to $4...
Attachment 1137
Ahsan changed his pivots
http://stockcharts.com/public/122627...book/193140776
Attachment 1138
Current look at the high Low
Attachment 1139
Dropped a few logs at 3.97......MarginLogs........just to be safe and lighten my load a bit though I feel we test $4 ish....+ as my man RC has stated.:money:
LONGDUCKDONG
I sold a load 70k shares this morning at the bid of 3.98. It instantly went down and hasn't the legs to get up again. Last time this area was seen was Dec. 3, 2007 at 3.94. The price hasn't exceeded that until this week. So this is still historically an area of resistance.
We should be Setting up for a bounce in the next few minutes, we may not get our $4 Denco, if not $3.99 is close enough in my book. I think we'll start consolidating starting next week. Especially with the ding dongs we have up on the hill going to battle next week accomplishing nothing.
Definitely the MACRO not helping today and yes, it could be a head wind next week too from the looks of todays action. We do have Meyer at the GS conference next week. If we can stay in the 3.90s for the most part next week, that will be very positive action/consolidation.
EDIT: Any positive company news will pop this BITCH:popcorn: