>>>Yes, as a matter of fact, the word is the buying of this stock is still going on. That's enough confirmation for me. Go 'head and short some more to your heart's content<<<
Daisy: Who is "the word" from?
If I'm reading the chart correctly, the daily uptrend is now broken (low on 5/20 to low on 7/1). Daily MACD (both lines and histogram) have been heading down and crossed over since the wicked negative divergence on 7/8. Now we're just looking to break the 76.02 low. Sure, it can go back up to test the trendline at 78+, but, the stock isn't looking "strong" here to me. Just crossing my fingers that the entire market doesn't take off for the highs again and take ERTS with it.
Weekly chart still looks okay. Though MACD histogram is trending down. Looking to move down and test the trendline on this scale down aroung 69. If the shorts have it their way, that is.