This one took me a long way to get the story in a way that I believe makes sense. I incorporated earnings, which is new for me. Seems like an awful lot of work to say no action... but that is something I have to learn to be content with for long term success.
This also highlights the importance of weekly analysis. As I am drawing the trendlines I am given the mental imagery of something being limply held up by strings. Not a strong bullish signal for me.
This also highlights the importance of weekly analysis. As I am drawing the trendlines I am given the mental imagery of something being limply held up by strings. Not a strong bullish signal for me.
Comment:
This stock has been getting beaten up. Actually hurts a little to be giving out sell predictions, but in this case I can't say I was wrong.