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FlyFishingStocks

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Re: invest2992 post# 367182

Monday, 01/24/2022 10:26:02 AM

Monday, January 24, 2022 10:26:02 AM

Post# of 428435
You would expect a bounce after the R-IT gap fill (wow, you called it) but momentum is not in sync. Today's gap down caused a bearish MACD xover below the 0 line which calls for lower prices before a bounce develops IMO



2.90 should hold, but I wouldn't be surprised if 2.75 is tested and possibly 2.35 (the July 2018 low) in worst case scenario.
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