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Re: THREE-DAY-TRADER post# 132

Monday, 04/18/2016 4:01:43 PM

Monday, April 18, 2016 4:01:43 PM

Post# of 19526
I am hoping for a downtrend reversal in the coming days. If VNDM stays off the ask tomorrow we have a good chance of breaking the PAR SAR to the upside, which would be the first of many indicators of finally seeing a reversal. RSI also seems like it might test 30 to the upside tomorrow. I would like to see the volume hold around the 2M+ levels without signs of any real heavy dilution as well.

Stability is welcomed in my book. It has got to stabilize before any real recovery can happen. I definitely agree with the fact that last weeks rally was a normal pop from news followed by a pull back but what I like to see is that it may have made a higher low in the process. It's also nice to see the chart level out somewhat and seem to begin building somewhat of a stronger floor to hold this up.

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