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Interesting action indeed. It was a pretty good

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Shawking Member Profile
 
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Shawking   Wednesday, 08/23/17 04:35:36 PM
Re: None
Post # of 13680 
Interesting action indeed. It was a pretty good tree shaking by the bears with the bulls patiently picking up the falling fruit.
Chart still looks bullish after today's close with support tested at .82 and overhead resistance holding at $1.20. A strong move through $1.20 would be very bullish indeed, but the more likely scenario is that we trade sideways for the rest of the week as the overbought situation continues to unwind.
Best of luck.


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