DOW 0.62% $5.62 downer edi limited

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  1. 2,602 Posts.
    Yep still waiting. If TA guys check the graph during 27/10-6/11 and then 1-9 Feb double bottom was formed and then the SP spiked up. I think it may repeat itself again. If it falls under 7.25 towards 7.20 it may fall further down to 7.00-7.10 before it starts moving up.

    I may postpone my buying until this is clear. It seems that the support is building up at 7.25 but I am not convinced. There is a big order (40K units) siting there. This person may pull it out at any time..and watch what happens then.

    Having said this, my finger won't be too far away from the trigger in case it starts moving either way.

 
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