RE:RE:RE:RE:RE:BTE strength .......I was worried earlier , the tsx's general behavior on a Friday is to sell everything and with US Thanksgiving next week , I could have seen today play out way differently than what we have experienced .
Snowballer wrote: Yeah fair enough, could go either way. We are close to the 200DMA on the daily chart. $6.34ish would touch it. MACD on the same time interval nohwere near reversing. Watch n' see. Hope you're right about closing at or over $7 tho... I'd be well into the money!
HighOctane89 wrote: Just watching the overall picture , the algo's don't seem to be driving the bus down , just letting the asks be absorbed . I might be wrong but I think the negativity is done for the immediate future .
Snowballer wrote: Give it time.
Profit takers will show up who got the bottom today... already oversold on shorter time intervals. For now I'm holding. More of a swing trader than a day trader. But I like the jump off the 200MA on the 4 hour chart. think look good. I think I'll make good $$ on this trade provided we don't dump.
HighOctane89 wrote: No sellers to be found , looks like we close above $7 . This market is crazy , oil up means O&G stocks are down and when oil is down , stocks are up .