And go long the VIX with VXX or leveraged etn for short term flips maybe 10% of the time at best. if you don't believe it compare the charts over weeks, months, years. don't be fooled by these short lived waves of fear... Just take profit off XIV at least some and buy back cheap once Wall St. starts breathing again. It has already happened this time around.
Now 5 red weeks the last 2 of which ripped South of the lower Bollinger Band. This alone usually causes a rally, combine with oversold indicators this would NOT be a time to short or be short but a time to add if your position is not full. No pain no gain.
appears to be hell bent to print 19.34 which would be a double bottom and likely technical bounce possible reversal. it's a sweet price now to enter but will likely get even sweeter.
19.50 down to 19.30 level showing next support. Of course the market that helped drive it down today will have it's say. a close above 20.10 Tues. would be bullish but i'm bullish anyway looking to add.
Next strong support is 19.34 area. best case scenario is a dip down there Tuesday and reversal. If not will report the next support level. OVER DONE! it will re-coup after the EO's selling.
Also a nice pierce below the Weekly Lower Bollinger Band (TA stuff) more often than not will cause a reversal (to the upside in this case)
Closed below the 100 WEEK moving average for the 1st time since 2013 but.... both daily and monthly TA indicators are screaming BUY! I just may add to a small position Tuesday. GL
May have been a good move as it bounced off support 2 off recent pivot which was the low of the day to the penny. That is a bullish indicator especially if EO's have stopped selling. GL
20.66 is a key level, loses it look for more selling into the 19's to test Dec. low possibly. So no bounce after pierce of 20.66 decision time me thinks.
Losing subscriptions, 3 or 4 law firms have class actions against them, hinting at cheating investors by cooking books. What more do you need to drive a stock into the toilet?
21.65 was a major supporting trend line as well as 50% Fib. retrace. A close below this level is bearish. 21.47 is 200 day moving average, a close below is even more bearish and points to more downside. strictly chart speaking. don't shoot the messenger.