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Re: porsche2006 post# 20342

Wednesday, 07/23/2014 2:09:30 PM

Wednesday, July 23, 2014 2:09:30 PM

Post# of 81998
The support is .128-.13 which if you draw a horizontal line across the chart there you will see that is where the last 2 runs closed at the HIGH. And that's the same level that we were at before the bottom fell out of .12 on 6/3.

I am hoping the support holds and we consolidate a bit here, then test .15-.1525 again, if not it looks like there is still support in even the low .12's as there are many moving averages converging there.

Either way, we were overbought on high volume for a couple of days. I agree with you that this might be a shake.
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  • 5Y
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