bullish convergence & bounce off trendlines. predict $52+
Head shoulders ,so far has failed to close below the neckline to pull the trigger
Last time, we had a great trade after price violated uptrend support line, now it even the price looks weaker than before, and may have formed a bearish head and shoulders' top which has a measured move to $42-$41 area. This may take time to achieve that downside target, and if you want to be aggressive, make your stop loss at recent swing high $48.16. Join us...
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Highlighted this correlation that has been effective since 2009 will be interesting to see if it has merit into the future.
Still holding the short position, and will see if it can hold the downside target $46.85 area if it fails expecting even more serious sell off towards $43.21 previous buying point. Join us www.woowtrading.net
I'm long here to about 44. The recent doji off the retracement looks like a solid entry. I like Dec Calls, Strike 41.
Had bad news last week...closed below major support on major vol...could bounce but LT trend is down