Monday, February 8, 2010
A.) Prices are right below one key support line and right above another.
B.) Note that volume has been high over the last two weeks.
A.) The EMAs are in a bearish configuration. The shorter EMAs are below the longer EMAs, all three are moving lower and prices are below all three.
B.) After moving through all the EMAs, prices
C.) attempted a rally but hit resistance at the EMAs.
D.) The last two days prices have formed a hanging man candle pattern. This can mean a reversal is coming, but statistically this is not the best pattern to trade.
A.) Momentum is clearly negative and
B.) Some volume has moved out of the stock, but we have not seen a mass exodus.
Posted by Unknown at 6:27:00 AM