Parabolic trend-line intersects at $1.29 S
Post# of 72440
Parabolic trend-line intersects at $1.29
So possible, but a big move. It depends on were new buying pressure occurs and whether it holds the selling pressure.
Also, how many of the break-out shares were traders? And how many buy and hold longs?
The traders tend to take profits, or flee if they're slow or without a clear plan, the longs hold. But... support is always new buying. Longs don't add to support if they don't buy more, but they also don't add selling pressure.
So far a body back in the 5MA as I mentioned yesterday, never more than 2 days without this occurring so far since the September break-out.
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