NRG Energy Inc. (NRG)

[cakesgood]

I'm playing the chart. There is a clear down trend yes? Right, ok, well based on that and the major levels of support this has blasted through, my better judgment leads me to believe this may continue downward. The next major, super mega major, level of support is around 15. The fact that it fell through 21 indicates that it very well may not have found a bottom. I believe it will bounce off of 20 and find some resistance around 25. In which it may trade in the 20-25 range in search of news. This is a pivotal point in the chart. If news hits, and it has to be good, then the trend may reverse. If no news hits then expect a continuation. I'm not sure why you are so fired up. I am not guaranteeing anything, this is all speculation. But, hey chart structure and technical analysis go a long way. If you truly believe in this company and know for fact that it will bounce back, then what I say holds no weight. Keep averaging down and maybe one day you will be rewarded. Personally I like to see some support in a trend before putting my hard earned money on the block. I like this company I see major potential, but I will not act until I am certain there is money to be made in the short and long term. Take what I say however you like. I'm not forcing my opinion on you I am simply voicing my thoughts on how I think this will play out. If this magically shoots back above $30, then you can say something. Until then get off my case