SCMP Daily Chart ~ Getting Crushed Since the Gap a
Post# of 2561
Posted On: 03/30/2014 8:56:33 PM
SCMP Daily Chart ~ Getting Crushed Since the Gap and Trap Outside the Upper Bollie
On my last SCMP post, the MA200 was the support level at the moment. It held for all of a day and a half. The stock has now entered a channeling zone seen in late Sept to early Nov. The move outside the upper bollie, in addition to a gap and trap, has seen a decline from 10.00 to 6.56. Check out the increasing red volume sticks. The FullSto and MACDs are in very oversold territory and at levels . Patience is going to pay off here. I see an entry for friends and me possibly this week. GLTA
On my last SCMP post, the MA200 was the support level at the moment. It held for all of a day and a half. The stock has now entered a channeling zone seen in late Sept to early Nov. The move outside the upper bollie, in addition to a gap and trap, has seen a decline from 10.00 to 6.56. Check out the increasing red volume sticks. The FullSto and MACDs are in very oversold territory and at levels . Patience is going to pay off here. I see an entry for friends and me possibly this week. GLTA
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