i believe there is a major stop set at 26.05, the low reached on nov 7, which i now believe
is major short term support.
as the stock approached 26.10, it bounced, and today it has finally dipped to 26.06.
a break of that, and i believe the stops begin to trigger big time, with no buys in till 24.49, the next support from the 100 day sma, where it is heading sort of inevitably.
now below the 50 day, and with the 50day coming down, it should push the stock down
to the 100 day, before any major decisions are made.
below the 100 day, and if it flattens, and turns down, serious retrace begins.
the 10day low being 26.10, and p touching 26.06 is pretty major, and 10day support
has already been broken.
thx mia, i appreciate your analysis and heads upsises.
I'm looking at a 5 minute 10 day chart. The setup looks very similar to the precipitous drop experienced on 12/11/13. What do you think?
orderly selling may be about to turn into selling.
with volume increasing intraday on the downside, this may turn into a very down for p