RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What's amusing
Thanks Jern, you're right. I think the weakness in his analysis came from him using a reference point from two years prior to determine a bottom for the stock. He should have used the neckline from the head & shoulders pattern starting in Jan/2014. Going back too far for a reference point isn't good, imo.
On the weekly 3 year chart, Three Black Crows are developing. If FCU does not climb back up to close above 1.20 by the end of the week... the Three Black Crows pattern will be complete and a further decline in price may follow. jmo. I'm tending to think that a range between 1.12 and 1.15 is about to start and will last until Thursday or Friday. If we don't close above 1.20 this week, then the stock will likely decline again next week. It seems the neckline from the Jan 2014 H&S pattern is being used as a pivot line.