Thursday, March 06, 2014 3:52:49 PM
Pull up the chart you use to determine trends. Now step back six feet from your screen and look at the fuzzy shape the bars make (assuming you have poor eyes like I do) I use the daily charts and FSPM looks to me like it is still in an uptrend on the daily chart.
A day trader would pull up a one minute chart and say we are in a down trend.
So it depends on your trading horizon.
When looking at the daily chart, you should also see where the close is for confirmation of a trend change.
Disclosure - flat but may re establish my short position soon if the price keeps heading down.
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM