InvestorsHub Logo
Followers 19
Posts 1714
Boards Moderated 1
Alias Born 10/28/2009

Re: Kitju63 post# 95

Tuesday, 10/05/2010 4:49:12 PM

Tuesday, October 05, 2010 4:49:12 PM

Post# of 482
yep, not sure if this was a bounce/gap filler or if it was showing new support/consolidation on the 2.15/2.20 level yet though.

either way i see some tough resistance near 2.80/2.90 and if you are a short term holder in this i would be looking out there.

long term there is plenty of time to see if it will break that resistance or hold the 2+ support.

daily says there is some room to move but when combining some other data i am not sure it will break that level on this push. but it does seem that 2.60+ will be danced with again at least short term.

hourly is a bit maxed though so it may pull back first. those looking for in/flip should try closer to 2.40
if 2.50 holds over the next day or 2 that is real strength. otherwise it may even fall to 2.35 tomorrow before turning to bounce back up. current rate the guess is tomorrow is down/flat then thursday pushes again.

My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion

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.