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XenaLives

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Re: joshalex5 post# 61922

Sunday, 05/08/2016 10:53:35 AM

Sunday, May 08, 2016 10:53:35 AM

Post# of 463688
How good will Monday be - back to $5.50 support/resistance?

Depends partly on the sector as a whole with upcoming possible news applying upward pressure. Currently oversold on the hourly which was the case on Friday 4/22 - this was followed by a spike to $6.40 on Monday 4/25.

Without news and assuming the sector does not reverse Monday my expectation would be a morning dump followed by a pattern of accumulation for the rest of the week.

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