idealist re SCMR..
I'm not sure exactly what I expect of SCMR, except that it looked weak, as expected, gapping down and falling below its 10DMA on profit-taking after earnings.
However, not as much of a selloff as I thought.
However, it was a light day.
However, there have been three down days on increasing volume.
I guess I'd be surprised to see it pick right up and head up next week - these things usually overshoot a bit and I try to avoid catching the proverbial falling knife.
RSI is headed down. Yes, I guess it could fall under 140 or so if we have a NAS down day, which seem to be out of fashion at the moment. More likely scenario is that it would fall more Monday, then spend a while drifting around/down. I might try going long if it had a steeper selloff followed by two higher lows, it's really a pretty strong mover.
JMHO
I think it will depend on NAS. |
