InvestorsHub Logo
Followers 3
Posts 429
Boards Moderated 0
Alias Born 02/12/2012

Re: PoemStone post# 16378

Tuesday, 07/24/2012 12:50:20 PM

Tuesday, July 24, 2012 12:50:20 PM

Post# of 20496
For the bullish flag, it's there but there's also a descending triangle along with a rounded top as well. So you have to look at other indicators for supporting it...I see more pointing towards the downtrend in the short term but a temporary rally is there (probably from the earnings).

It's a tough one, right now I would rather stay on the sidelines then take a long or short position. If I'm going to take a position in the short term, I would go short but only at around 85.

But I could be wrong lol...wouldn't be the first time.

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.