RE: Fire going to test the 200DMAThis is a conversation I can get behind, but let’s keep the
absolutes out of it. From the action I saw today on the charts, the bulls are taking control of this fight after almost a month of bear action. I picked up my shares in the morning, and am looking to get rid of them tomorrow. The resistance between $1.88-1.90 is looking good, and should hold (weak hands left today). The action I saw at the end of the day signals an uptick in tomorrow’s trading day, this is also mirrored by a larger then previous month volume. I'm going to be keeping an eye out for those walls, if the shorts are out, I'll wait to sell (with a stink bid in place just in case), if not I'll be sliding my shares in for a sale.
IF you're going to trade this stock daily, play with both hands, and remember she's a real beast of a stock. Few have the stomach for it...
Stop losses are not advised! Oh, and finally, for the love of liltte baby jesus, never give away your position on these boards! ;)
Toorealistic3 wrote:
It will test it tomorrow. Very likely to break it. It happens down today then filled the gap at the end of the day. Last time it double tested the 200dma was back in October and once it broke it, it went all the way down to 1.15. Be careful over the next few days. The market clearly hated it's financials, why else would it be down today while everyone else rallied. There's a reason why ACB and Cron are where their at. Seems like the only people that are buying fire right now are the pumpers on this bullboard