GREY:PGDIF - Post by User
Comment by
mill44on Apr 09, 2015 5:46pm
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Post# 23614315
RE:price rejected off resistance (prior support level)
RE:price rejected off resistance (prior support level) We don't know if it was rejected yet. It was a pretty strong finish that closed a previous gap. We might (should) see a consolidation around 27-29c to have a cup and handle formation to lead to the next step to 40-42c. I think it would be preferred. Fast run-ups are rarely sustainable (we had a few of those here, just to end up at 15c).