RE: CYMI. stock itself (back to the subject), as I said in my recent post on this thread, the 15-16 area should provide support, because that was the previous two areas on CYMI., the last 12+ months or so....the recent bounce accepted...but, technically, it is going to be difficult for CYMI. to get back over it's resistance, because both, the 50-and-200-day MA's have now crossed, down, (around the 26-27 area) very often constraining a further rise off a pattern like CYMI. now has....sure, it "may" get up towards the 26-30 area, after some more work/pullbacks, but, as with many other depressed techs, here, I am just watching depressed issues, to exploit tax-selling bounces, trying to 0nly buy, near recent lows, or not at all, from here...so, perhaps on a pullback to the 15-16 area ? we shall see
this is still a real co., with real growth pot., that just had a normal, usual, big decline from a parabolic pattern, back to it's L.T. support level....topping just as the people following it got "too confident", which is a top sign, itself, right ? e.g., I recently exploited the S.T. top of a potentially similar nature, in some extended Oil Service issues....those anaysts got too fat and sassy, and almost no "bears", on web sites, etc., right near their recent top....hey, CTRX, RMDY, ASND, semis, etc., and many, similar -type issues, have gotten hit the same way, as CYMI., in the last year or two....yet, after their big drop, most bounced nicely...some, after having to form longer bases....so, best wishes, hope this helps...
the key, is to learn, as I try to teach, the normal, historical signs of potential top patterns, removing all emotional needs, trying not to be too-short-term in nature, ignoring 95 % of all fundamentals in a S.T. parabolic formation, and accept occasional cut losses....
take care, |
