InvestorsHub Logo
icon url

AMJ1415

05/13/14 5:02 PM

#26971 RE: BluSkies #26964

No it's not
icon url

BluSkies

05/13/14 5:09 PM

#26973 RE: BluSkies #26964

How so? Please read:
"It is very often associated with what appears to be a false breakdown of a support level, in which in a short term pattern we see an immediate recovery, and sometimes a rally in the opposite direction. This happened when the .10 level of support was broken and quickly ran back up to .104
"If you are long a position, have all the fundamental homework and research taken care of, such that you have the confidence and patience to follow through on your initial trade. If a stock price must go up due to any significant fundamental milestones, then by no means will any drop of stock price be a permanent trend." No fundamental event had changed today and haven't seen the Q1 numbers yet. Therefore price stayed bullish at the EOD closing above .10 IMO