123Tom's TA study group

[123tom]

What do you fellows think of SAVA. are there still a lot of strong believers who will hold on? or will there be many who will bail at this big bounce. My forecast from several weeks ago, when SAVA failed, was for a bounce from the bottom zone to retest this 75-95 area and that would be the place to get out. Today was a good day to do it.
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https://www.screencast.com/t/FEIgkoDhvS

I started looking at SAVA chart after the big collapse.
That Fib retrace zone from 75 to 100 and centered around 80-85 looked like the place to bail.
My bet would be that SAVA will not sustain this 90-100 area and will fall down again to retest 60's and then fall again at 80-90 area and wallow around 50-40 for some time. Its just my sense of it. but maybe the big money will keep it propped up better ,I dunno.