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now 38...I think 27 is in the cards,

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stocktrademan   Wednesday, 07/18/18 12:21:35 PM
Re: Fibanotch post# 340
Post # of 343 
Quote:
now 38...I think 27 is in the cards, first/second week of sept. mark it



I'm getting some replies from people about Russian stocks going bearish lately maybe it's the news or something. How pervasive this all is...maybe people just need to get over it and stop projecting or something by now you know...and I'm not trying to be partisan just tired of this, doesn't matter who people vote for to me

Anyhow, I would not short this one right now and am basing my observations on the price action only that would be the same for any other type of stock.

The MACD just crossed up over its average while both are above 0 bullish. This means the trend has resumed it's upwards path after consolidating.

If you do want to take a bearish position then that's your choice. But to limit any quick losses perhaps keep the short position small and consider exiting at the earliest chance....Who knows if it makes quick moves up or down but the overall trend is higher...

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