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FlyFishingStocks

02/13/24 12:08 PM

#421307 RE: MA52TA #421306

After a month of these forecasts, we are still at 1.19.



you mean this 2 weeks ago on Feb. 3? LOL

I believe TA has already factored in an increase in revenue, hence the strong rally off the bottom; it's priced in already. Whatl I'm saying is that we have a technical, fertile condition for a nasty retracement (once the third top completes). Even a 50% retracement of the recent rally (very common), swings price down to fill the gap, below key support and below the falling 200MA accompanied by a declining MACD -- all key signatures bears look for to pounce on short.