just wait til the momentum money starts to hit. How can they resist an honest to goodness ongoing short squeeze as good as this one? A once in a lifetime opportunity.. Moon shot no, Jupiter shot likely.
Sentiment: Strong Buy
following a downtrend almost is always a bearish continuation pattern and this one finally looks like it may be breaking down like it's supposed to. Technicals are poor for now but this is a news driven stock first and TA while always useful comes in a distant second.
If I was a short who wanted to short even more, might I always be bullish talking to fools who are dumb enough to get their information from a yahoo message board? I am ALWAYS trying to get the cannon fodder to buy more into my waiting short? Ask yourself, why haven't these always bullish guys ever been right. Why is it ALWAYS 'just around the corner'? Hint: the stock market is a money game not a company game.
that's ridiculous. The truth is the stock has been tracing a rising wedge following a downtrend. This is almost always a bearish continuation pattern. Furthermore the stock is bumping up against the resistance of the 200dma. This is all very basic stuff from TA 101. Too many fools on this board who try to find ways to be ALWAYS bullish instead of truthful.
the last few days have printed a rising wedge following a downtrend. This is a bearish continuation pattern. Also the stock is butting up against resistance of the 200dma. If somebody wanted out today would be a good choice strictly on a technical basis.
the rising 200dma at 4.87 is pretty good support and one good entry point. If it doesn't hold however the 4 to 4.25 zone is the next decent support.
It might get approved but right now you better worry about the breakdown of this stock. First target 4 7/8 if that doesn't hold then 4.