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Gold/Mining/Energy : Copper Fox
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From: louel7/24/2016 12:49:36 AM
1 Recommendation

Recommended By
dsikorsk

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I looked at FF The stock is under 2 years old so my software provides no fundamental information on it. Looking at the chart I can determine no clear trend which is supported by 3 or more points. It appears to have quickly moved up a step to the next level on the stair case. It is blue sky above 61 cents. Abslutely no resistance. There is also little support above 96 cents I would have expected it to test the 98 cent range of support then move up again.
Volume has been dropped off in the decline. Thats a good sign as it means shareholders are not making a mass exit, But rather taking some off the table. Stochastics 14/3/5 in decline We could be wrong but I agree with Spec it appears top heavy.

Traders seem to be pshychologicaly affected when Stock prices come to or break round numbers. And FF just crossed $1.00 so there is a tendency to be uncertain.

If you look at the 7th of July candle It was a spinning top ( long legged Doji) Long upper and lower shadows with a small body. When they appear at the end of a run the Japanese say the market has lost it's direction or strength and a reverse or pull back is likely.
But it must be the closing candle as big Institutions will control price in the last hour of the day . Making it look like that is how the market will close to trick people into selling their shares. Then run the price up again buying up the overhead asks at closing time when they are accumulating.

Just as a note AVL has broken it's downtrend line but it still may follow the topside of the line back to about 21 ~22 cents to retest the support. AVL had negative earnings last year of $3.1M and their growth rate L$Q was - 21% so for me it is the kind of stock that I will be satisfied with taking a small profit. It was just something I bought as a short term trade.

Traders seem to be pshychologicaly affected when Stock prices come to or break round numbers. And FF just crossed $1.00 so there is a tendency to be uncertain.

kelley.iu.edu
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