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Ampio Pharmaceuticals, Inc. Message Board

  • stevemrrtt stevemrrtt Sep 18, 2013 8:15 AM Flag

    bearish

    Bearish engulfing candlestick yesterday on only average volume. Stochastics overbought. Relative strength index turning down as well as momentum. A down opening today confirms selling. Near term support is 7.38. Next stop could be the 20sma, 7.08 then the 34ema, approximately 6.80.

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    • Go back to school stevemrrtt, you have no idea what your talking about. you did this last time and you were way off. Dude, you need to understand what a "Bearish engulfing candlestick" really is.

      • 1 Reply to kosejohn
      • Again, technical analysis, specifically the bearish engulfing candle (and secondary indicators), hinted at yesterdays action. Despite a fed induced run-up in overall markets yesterday, AMPE fell. Tuesday's bearish engulf predicted suggested selling on Wednesday and it occured. It cut thru initital support and bounced off the 20sma as mentioned below. Compare the accuracy of a quantitative assessment (tech analysis or fundamental analysis) to qualitative hopes and dreams. School is now in session.

 
AMPE
4.68-0.12(-2.40%)10:34 AMEDT

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