Posted On: 07/09/2014 10:38:21 PM
Post# of 2561
AVEW Daily Chart ~ Capitulation Day?
AVEW fell once again but this time on huge volume of 216 million shares. A few of us have been waiting for a selloff capitulation day, and that could have today. The stock bounced off the .0008 support line which used to be a resistance line going back a few months. The MA100 is also sitting at .0008. The MACDs still have some work to do before the chart resets. Most indicators are still in decline including the CMF and MFI. Definitely entering oversold levels all around, but need that reset before things allow us to re-enter other than just some minor positions as a 'just in case' some major news hits. So for now, AVEW is only on watch for most of us. GLTA
AVEW fell once again but this time on huge volume of 216 million shares. A few of us have been waiting for a selloff capitulation day, and that could have today. The stock bounced off the .0008 support line which used to be a resistance line going back a few months. The MA100 is also sitting at .0008. The MACDs still have some work to do before the chart resets. Most indicators are still in decline including the CMF and MFI. Definitely entering oversold levels all around, but need that reset before things allow us to re-enter other than just some minor positions as a 'just in case' some major news hits. So for now, AVEW is only on watch for most of us. GLTA
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