This wasn't only a retracement, it was a whole 100% retrace which isn't normal at all. I could see a pullback of maybe 20-30% then move higher from there. Oh well we will see what happens in the next week or so.
Yea im still in, just letting out some frustration. I just don't see how something with all this volume retraces back to its previous breakout point unless its a pump/scam of some sort. I clearly had my chance to take profits and the chart clearly showed it. I will hold on this stock another week or so and if its still in this area I will sell and move on!!!!
No way in "H" double hockey sticks will we be seeing 1.00 anytime soon, yet alone a break of previous highs. Will be staying away from seeking alpha pumps in the future!!!!
Volume needs to be weak on red days and strong on green days. If we close red today I would like volume to be less than yesterdays 297k volume. If green 400k+ in volume will do.
The market always does the opposite of what everyone is expecting and this chart is clearly bearish. With that being said since I am expecting this to be red tomorrow I guess we can expect an up day tomorrow.
I was gonna sell myself after my buy this morning. I was going to take the 10% and run but this doesn't have any major resistence till 1.00 I am holding atleast until the .90's
Ahhh screw it I will be honest with u. I really went long @ .65 I just always say that I am short when I am long because for some reason whenever I say that im short my stocks will always end up making me serious cash and when I say im long when im really long my stocks always end up going down alot LOL