Monday, December 22, 2014 12:12:52 PM
In the mean time the current triple bear is a 2 year thing..
The .54 supported has made a double bottom, so, for the time being, short term it's supported. short term a double bottom is good. Hard to say that it will last long because the long 2 year remains in control. because it is current odds indicate you've playing with another dead cat bounce.
And mostly, when a long chart fails, you'll need to refer to it's previous history, before 2012 .01, or something in that month of aug 2010 where there's supports for a target. I have not checked the daily pivots in aug 2010, but recommend ya do.
while fundamentally, The google loss has taken a lot of wind out of it,, and it belongs with the 2 year period the triple bottom forecasts.
That ZTE is a strange bird and don't know what to make of them.. Seen a few scams involved with them too, through the years, contracts of one type or another which has always concerned me regarding ZTE's sincerity.
I wonder if VRNG will have to file a petition in UK to direct a hold on any or one of their UK cash positions.. If can't talk it out of them, freeze it and withdraw.
I'd be real careful if that .54 fails, and like said, dig into aug 2010 to find next lower pivets.
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