EZMONEY ED AND FRIENDS PICKS

[dmlabuda]

Yes, it is possible that the price will test the 50 day MA but, it did receive good support today and the hourly charts are oversold now so, support should come soon and it could be pretty much where it is and the 50 day average will rise to the occasion so to speak. That is if the price consolidates where it is, the 50 day MA will eventually meet it. I would wait a day or two for confirmation but, it looks like we are getting support and the market should rally now following support and consolidation.