RE:RE:Hate to be the one to say itmakingdough wrote: Thankfully, your analysis is rarely correct, like this one 9 days ago calling for a continue upwards.
The 10 day moving average crossed below the 20 day. This is usually the last straw for short term traders before they dump their positions on a technical basis. The lower support line is my only concern here and yet again it's holding up extremely well. Not much more consolidation to go here before we continue upward IMO.
i never claim to Be correct all the time as trends are always subject to change based on news or lack thereof. I will never sugar coat anything simply because I leave emotion out of my trades. That being said this is a good opportunity for those looking to get in as fundamentally this is a good play for the medium term. Best of luck. Cheers