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Look at your chart again. Do you notice a series of lower lows and lower highs?
Thanks for the suggestion. I did miss some things and appreciate you pointing them out. I've annotated them here:http://stockcharts.com/def/servlet/SC.web?c=amsc,uu[d,a]waclyiay[pc4!b10!b50!b200!i][vc60][iut!lb14!lya7,14,28!lp5,3,3!lh17,3!lh39,3][j67834670,y]&listNum=45
It's my pleasure. There's a juicy gap 3 days ago on the daily chart. With this big rally we're figuring that as an exhaustion gap.
common man, we are already up above 3% today only. We are about to break up huge. Are you trying to cheat yourself!!I strongly and freindly recommend to cover if you are short (at least if you don't want to be long). But it is your money.GL
<<We are about to break up huge>>The stock is stalled. The oscilators are overbought. Your fellow longs will be collecting tidy profits soon, if not already. Will you?