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"things still looking very bullish imo " Hi potgut, Why do you...

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  1. 6,059 Posts.
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    "things still looking very bullish imo "

    Hi potgut,
    Why do you say it's looking " very bullish?"

    Metastock had a sell at 10/10.5.
    Stock broke outside upper band so it had to fall.
    It's had a series of lower highs.
    Macd negative, sar negative, rsi peaked and is falling, broken 11dma, no support at 5.8/5.9 even though it's been suggested it has, broke support at 7.2.

    May stop at 30dma @6.2/6.3, if it doesn't then there is a complete trend change.

    Apart from options supported, Would you care to support your "very bullish" position?

    Cheers
 
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