I wrote earlier about the oversold technicals I follow and so far so good. We put in a low of 33.20 and we did get close to re-testing that today. Now the test will be to hold 34.50 if we don't then I believe we get a test of the 33.20. I am way too nervous to talk about any upside yet, I'd love to see us grind around for a week or ten days to get some stability, in any case 37 is short-term resistance, if we take that out with volume we can recapture 40. One day at a time, right?
Enjoy the weekend, we all deserve it after this hellish week! |
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