Replies to post #10912 on 123Tom's TA study group

[123tom]

And now after today's puking barf to retest the 7.55 step...failing at 8.00 resistance, then failing at my key 7.80 step, the day was a sell down below any short time frame support. The picture ended the week looking down. Resting on the range floor. Not ready to begin the rally climb I guess... what do you think... why wouldn't investors add more shares here at the bottom zone. I bought some more today around 7.65. Trading shares. This week and recent weeks, watching price wallow along this bottom zone.... still not ready to get off the floor. What else can we say. Even after good news... it falls and stumbles back to the floor. The basic trade for a double looks like 7.50 to 15. I might start taking some profit at 10 12 13 area if it looks weak when it gets there. Like the last range peaks, around 12. It's been a trading pattern for 2 years in this range.Hard to evaluate the good news and the timing for the next rally. Buying this bottom zone is simple enough here, but where to take profit will be the tricky part.