InvestorsHub Logo

sleekscape

09/28/16 2:14 PM

#214 RE: VERAX #213

Thanks for the technical breakdown!

In this case, fundamentals trump technicals because the selling pressure from the convertible financier ended yesterday.

So the last 3-4 months worth of technicals were under the context of Tangiers selling and shorting.

But that is done now.

So the overhead supply is now gone and the supply/demand ratio has positively changed.

So the technicals may no longer apply because the game has now changed.