lowtrade

[lowtrade]

RUBI up date;


There was a whiff of retail psychology change today. Chart picture mindset remains negative. Volume sentiment remains weak. But TA indications are turning. Thus the psychology of how to play this stock forward.

If one looks at the chart, all most will see is a nice pop in price, rather then small walk down. A change and nice one if only seeing price. Which most do. Event though it didn't come with increasing volume sentiment yet. Most traders see a possible bottom in the price. And often love buying bottoms.

The pop could change overall feelings about staying out and start the logic to come back in at the beginning of a move reversal. Over taking the emotion of the pain suffered, in the large gap down. As the need for being first greed, gets them back in early.

This is what we've been watching for. A change in feelings. Will it continue. Only watching closely will tell!

Let's take it off watch and put it on strong daily watch for a small first entry @ the $15 support/resistance level break, with more volume behind it.

http://stockcharts.com/h-sc/ui?s=RUBI&p=D&yr=0&mn=2&dy=0&id=p56725206472