AI
Wednesday, June 21, 2017 3:56:30 PM
drill results sound ok...but
the chart doesn't look so spectacular to me. resistance at 62 and 72 (shoulder zone / 67 area)
I don't know which direction from here. I suspect the downwave could continue to target 35 area. Might be worth a nibble there.
After the giant rally from 20 cents to 1 dollar....the normal pullback should have been holding at the 50-60 area. Falling to 40 instead is not so good. The rally that went bubbling to 1 dollar maybe should have stopped at 70-80 instead...and so the target zone around 72-75 and 67 look a bit worrisome to my eyes. but IF we see a continued downwave to settle around 35-40 area, might be an ok bottom to start from.
the chart doesn't look so spectacular to me. resistance at 62 and 72 (shoulder zone / 67 area)
I don't know which direction from here. I suspect the downwave could continue to target 35 area. Might be worth a nibble there.
After the giant rally from 20 cents to 1 dollar....the normal pullback should have been holding at the 50-60 area. Falling to 40 instead is not so good. The rally that went bubbling to 1 dollar maybe should have stopped at 70-80 instead...and so the target zone around 72-75 and 67 look a bit worrisome to my eyes. but IF we see a continued downwave to settle around 35-40 area, might be an ok bottom to start from.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
