Wow,what a huge drop from $46...
Reverse on the downside.Im long but look at P&F chart (link) it shows more down (33 and I dont like it)Maybe the techs will lie!http://stockcharts.com/def/servlet/SC.pnf?chart=pbr,PLTADANRBO[P][D][F1!3!!!2!20]&pref=G
That being said did add today!Hold this a couple of years be in fine shape!!
just bought a nibble yesterday - on reversal hammer I wait for confirm rather than a bottom signal... but I think a good start here to work in...
has to close over $41 or it may continue down
looks like 41 is just a little too far today. Tomorrow is another day.
YEP It's wht I got long, also 61.8% fib retrace around 40.25. Should have waited for more confirmation, but what the heck, if this trade stay's as hot as it's been, tomorrow may have been to late