Post by
apapas1973 on Jan 09, 2023 9:56am
Still possibly in next leg up scenario.
Even though they managed to break CNC and bring it back down to these levels, it's showing very positive signs this morning. OF COURSE THIS COULD CHANGE BY CLOSE. Lol. What I'm seeing so far is a very quick reversal from the oversold area. Which is what I wanted to see. When equities bounce quickly from their oversold position, it usually means we're continuing with the existing leg up in the stock. This would confirm to me that this recent downturn was a manufactured move for whatever the reason. I would still consider it a positive test of the break out area even though we went below it. I would consider it a marginal break for a short time. Again, most likely shenanigans. We'll find out soon enough.GLTA
Comment by
PCGuy10 on Jan 09, 2023 10:08am
Manufactured Move? You mean stop loss raid?
Comment by
apapas1973 on Jan 09, 2023 10:29am
Correct Pcguy. But they're not done yet by the looks of it. Everytime we come up to key resistance, they smash it. We need to get back above 186-187 and close there. GLTA
Comment by
EndZonefor7 on Jan 09, 2023 11:38am
$1.70's seems to be the sweet zone. Everytime we open higher we get dripped down. Something has to give sooner or later. That last video had many balls in the air.
Comment by
NoobTube on Jan 09, 2023 11:58am
Building up nice support at these prices I imagine it will float between 1.80-2.00 until more info is released.