today will be an interesting day across the board.
Fitx charts needs to start consolidating to the upside between the following areas:
.081-.0848
.0881-.0928
.0953-.10
We also have a double intraday top at .0952 that needs to be taken out. All double intraday bottoms have been cleaned out. With the new regs going into affect tomorrow we could have one last attempt to smack down the pps in order to cover at a cheap price. With that being said yesterday there were many attempts to smack FITX hard but support (buyers) were at all levels. My take is that many flippers, mms' shorties know how fast this turns around and now is not the time to be greedy. So many are closing up their positions. This is not to say that can't start tomorrow but I expect the next few day we start trading to the upside and consolidate in the areas I mentioned above.
Good luck trading
Peter
Fitx charts needs to start consolidating to the upside between the following areas:
.081-.0848
.0881-.0928
.0953-.10
We also have a double intraday top at .0952 that needs to be taken out. All double intraday bottoms have been cleaned out. With the new regs going into affect tomorrow we could have one last attempt to smack down the pps in order to cover at a cheap price. With that being said yesterday there were many attempts to smack FITX hard but support (buyers) were at all levels. My take is that many flippers, mms' shorties know how fast this turns around and now is not the time to be greedy. So many are closing up their positions. This is not to say that can't start tomorrow but I expect the next few day we start trading to the upside and consolidate in the areas I mentioned above.
Good luck trading
Peter
