Posted On: 04/27/2015 3:04:14 PM
Post# of 75040
In flow of money into the stock was holding steady until 2:20 EST, when it took a turn for the negative with a sale of 835,000 shares by someone.
There is momentarily an outflow of money from the stock now.
I believe next level of resistance is around .1910
I believe there is now a mentality of selling and trying to catch the low in order to buy back in so that people can pick up more shares.
The longs are trying to pick up as many shares as they can, because they know that a news release later this week about additional production and preliminary sales results will bolster the share price.
Best wishes to everyone who is trading!
There is momentarily an outflow of money from the stock now.
I believe next level of resistance is around .1910
I believe there is now a mentality of selling and trying to catch the low in order to buy back in so that people can pick up more shares.
The longs are trying to pick up as many shares as they can, because they know that a news release later this week about additional production and preliminary sales results will bolster the share price.
Best wishes to everyone who is trading!
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