Replies to post #168959 on Monk's Den

[514]

Could be a profitable spec play.

not here wolverine ..

[phrantic]

Wolverine, I'm pretty new in TA and certainly don't hold a candle to Monk, but one thing that really sticks out on the chart is a huge gap from 2-2 to 2-4 between 1.00 and 1.15. Very likely that will be filled, the question is when. I also noticed the last 5 trading days there's declining volume. Also, it's been my experience that about a week prior to earnings the SP in most stocks decrease. There's a lot of smart traders that do nothing but trade earnings, wait for the dip, watch the SP after earnings are released, then if it starts ascending they buy buy buy.