Thursday, January 12, 2012 12:22:43 PM
I like $12.30 and $11.61
january effect is over, this stock is so pretty and did fill a lot of those intraday gaps from last year's climb to 13.50 by plummeting to 7s... it would look much better going forward to abruplty test old trendlines.
so is "new 52week high" effect... the market is going to retest 200smas. but new 52 week highs will recur a few more times this year.
that angluar support needs testing from time to time... the slanted blue line... that old neckline that finally broke, but was agressively bought... that neckline projects forward into the future and it wants to be tested one or two more times.
january effect is over, this stock is so pretty and did fill a lot of those intraday gaps from last year's climb to 13.50 by plummeting to 7s... it would look much better going forward to abruplty test old trendlines.
so is "new 52week high" effect... the market is going to retest 200smas. but new 52 week highs will recur a few more times this year.
that angluar support needs testing from time to time... the slanted blue line... that old neckline that finally broke, but was agressively bought... that neckline projects forward into the future and it wants to be tested one or two more times.
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