The last two days! I have NO idea why it dumped like it did yesterday...That was totally unexpected...I don't see any news story that could have caused this...Maybe it was another company in it's sector that reported Q3 earnings that were way below ANALysts estimates...
After yesterday's big red candlestick that closed near the low, I expected another down day today, but it wasn't as bad as I had expected...The pps went way below the lower Bolling Band, and closed just inside it to form a near perfect 'hammer', which is bullish...The moving averages are in pretty bad shape...The RSI is about as low as it can go...The Stochastics took a nice swing to the upside today...The ADX doesn't look that great...And the MACD took a small step further into negative territory...Today's volume was good, but I can't predict which way it goes next as the TA indicators are giving mixed signals...I hope it goes back up, as I took a long swing position today at 9.03 and have my stop loss set one penny below today's intra-day low...
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