10 day chart getting tired. We need a few days with closes above $15.30. Volume low, with a slow drift down shows a potential correction to between $14 and $14.50 . We need good news, money, offer, or just another upward revision of an analysts opinion. A wiggle is ok but not a drift down, it shows the buyers are exhausted, the potential sellers, usually the momentum players, are getting tired of waiting it out.
Long patients win here.
The long chart is still very much in tact and $18, within a few months, is still in play.
Hi, well as I see the short term 10 day chart, we have a lower high - lower low pattern, with decreasing volume. $15.00 is the key in this short term pattern. What we end the day at is crucial not what we swing around during the day. Im not concerned with the long term pattern which is very strong. Its the short term pattern that's a little iffy. A close much below $15 say $14.90 would tell me we may see $14.00 before we see $16.00. It hasn't happened yet but its close. Also I admit charts are a tool and sometimes wrong. I don't go in and out daily as some do. I just have fun guessing the moves. Anyone who pays attention to me is nuts unless they also chart. Then what I say makes no difference. Lighten up, Im not giving stock advice, I'm having fun, I'm bored.
Long Term Strong Buy Short Term Tentative