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Re: None

Thursday, 07/28/2011 9:37:04 PM

Thursday, July 28, 2011 9:37:04 PM

Post# of 176
Updated chart. The stock has really collapsed after breaking through a long-term uptrend line. I posted yesterday morning that the stock could see $14-$15, but didn't think it would happen one day later. There is a tiny gap from last September that needs to be filled and that should happen tomorrow. The RSI and Slow Sto are oversold so I would think the stock could fill the gap @ $14.10 then find support. With that said, the chart is broken and will likely need several month to build a base. Unless there is major positive news I would not expect a solid rally to start until mid-late Q4.

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