AT, bob, niteowl
compx broke its bear flag and along broke the rectangle .. and yea it looks pretty bad !!! anyway .. short term is at the over sold; a rebound should be expected, imo !!!!
now, keep an eye on the supports @1915, 1900, 1890, 1880, 1862**, and 1843 !!!! pay a close attn to the 1862+/-; suspect that it would be the worst case scenario if the drop is swift and quik !!!
should it rebound, keep an eye on the key resistance between 1943-1947 !!! if broken, it ought to test the august 2nd down trend line @1967+/- next !!!
just an observation !!!
regards,
auto |