on Tuesday, SOAN failed to confirm the bullish hirami reversal signal that was on the chart, and, then, todays candle was red. the bollies have turned south, and this has begun to exhibit signs of getting oversold. looks like its going to test the support at .02, and if it can't hold there this could go back to the old resistance around .014, or even all the way back to .01.
i would like to be a buyer, and i've freed up some powder. i'm left then to ask myself: do i try and grab them here? or wait to see if i get them lower?
i'm going to opt for the latter.
