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Re: sugar4048 post# 2059

Thursday, 02/27/2014 2:39:20 PM

Thursday, February 27, 2014 2:39:20 PM

Post# of 9532
Technically, I am bullish over 6, as breakouts are by definition bullish until the price action says otherwise. From a fundamental perspective, I am bearish until FSPM reports real revenue growth that justifies the current share price.
Based on the chart, swing traders and investors should be long right now. If not for my fundamental concerns, I would be long too.
It would be insane to hold a short position in this volatile market when the price trend is up.