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ZAGG Inc Message Board

  • sandyeggojake sandyeggojake Feb 20, 2013 1:06 PM Flag

    Watching $7.46

    A stop loss on our trading tranche triggered at $7.56, booking some profits, but we are still holding all our core. Quite a swoon on the technical reversal, but now showing signs of support at the throwback to the prior resistance trendline, now support. The action at the close relative to the swing retrace fibs will provide some tells. If we don't get a bit of recover to above $7.46, price action history would suggest a retest of the low... would not be suprised to see the 50% retrace $7.14 or even the former resistance at $7 mark retested as support, at which point we might reload our trading tranche.

    Sentiment: Buy

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