GREY:VITFF - Post by User
Post by
Trader7771on Mar 30, 2010 11:38am
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Post# 16939485
Technical
TechnicalSomething is going on. The intra day trading pattern looks bad. We also have a top hat that is collapsing.
What ever caused the stock to rally in Jan. , Febr. has come to an end...
Fibonnaci levels and visual support levels are 98 cts, 92 , 85, 80, 71 and 63 cts, it dropped through 98 cts on March 10, 92 ct the day after.
It has been wavering between Fib levels 80ct and 85 ct and has dropped through that now.
There is some support at 71 ct, then 63 ct....
If "nothing" has changed VIT should be trading at 80 ct soon, else who knows......
Trader