daansteraan

daansteraan

Bear move is losing volatility (20 ATR at lows) Selling momentum is decreased (20 Stoch) At 200 MA support level At the bottom of a bull flag pattern Risk is that bull flag is extended a bit lower than ideal and support being properly tested

daansteraan Updated 

Decent position trade looking like it might be up for grabs. Daily shows some decline still possible to test 2 standard deviations from the mean on the downside, still staying in the area of value for those believing the stock is cheap, but will hopefully move to test the 200 day MA and break above in the next couple of weeks. Targeting the 200 MA short term and...