SUMR Daily Chart analysis - This is a strong Bear market but the chart is interesting because it clearly shows how you can make money (as a technical swing trader) even when the price is falling. You can see a very clear Bearish Divergence that would have allowed you to take profits at $6.00 and/or go short. There was also a very clear Bullish Divergence to signal you to buy it back around $2.75. I don't expect to see too much from the current rally because of the huge gap. In my opinion, this is a short covering rally that will not likely get above the 50 or 84 day moving averages. It's not a market bottom. But, it's a great swing trade if you bought it below $3.00. Just my 2-cents! http://stockcharts.com/h-sc/ui?s=SUMR&p=D&yr=0&mn=6&dy=0&id=p73501184698&a=270569525&listNum=3
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